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Oil refiners to cut bonus payments amid worsening profits

Employees of SK Innovation, S-Oil, HD Hyundai Oilbank and GS Caltex will receive much smaller performance-based bonuses than last year, as the falling global oil price nearly halved the earnings of the top four refiners in Korea last year, according to industry officials, Tuesday. ....

United States , South Korea , Saudi Arabia , Soult Ukpyolsi , Lee Jin Myung , Korea National Oil Corp , Korea National Oil , West Texas , Us Oil , South Korea , He Korea Times , Orea Times , Orean News In English ,

Hyundai Oilbank partners with Lotte Confectionery to use food byproducts for biodiesel production

[Courtesy of Hyundai Oilbank]SEOUL  As part of its campaign to build a white bio ecosystem of one million tons per year by 2030, Hyundai Oilbank, a petroleum and refining company affiliated with South Koreas Hyundai shipbuilding group, will produce biodiesel using by-products generated in the ....

Soult Ukpyolsi , South Korea , Haldor Topsoe , Lee Seung Su , Hyundai Oilbank , Lotte Confectionery , Lotte Chemical ,