S-Oil CEO Anwar A. Al-Hejazi and 30 employees visited a social welfare center in Seoul, donating 30 million won and sharing traditional tteokguk with those in need, continuing a tradition started in 2007.
Domestic gas prices in Seoul exceeded 1,800 won ($1.30) per liter for the first time since November 2023.
Gas prices in South Korea surpassed 1,700 won per liter for the first time in five months, influenced by rising oil prices following U.S. sanctions on Russia, according to Opinet.
A drillship participating in a major resource exploration project in the East Sea began its first drilling operation early Friday, marking the full-fledged start of the search for an estimated 3.5 billion to 14 billion barrels of oil and gas.
S-Oil has been named the most recommended petrol station in Korea for the ninth consecutive year, achieving a 72.7 on the Korean Net Promoter Score, outperforming competitors like SK Energy and GS Caltex.
A drillship tasked with initiating the drilling operation for a major gas and oil exploration project in the East Sea arrived Monday at an offshore anchorage near the southeastern port city of Busan, the Industry Ministry said.
The prices of gas and diesel at Korean gas stations rose for the eighth consecutive week, the Korea National Oil Corporation said Saturday.
S-Oil hosted the Firefighter Hero Awards Ceremony with the Korea National Council on Social Welfare at the Rokaus Hotel in Yongsan District, central Seoul, on Thursday.
THe The ongoing Russia-Ukraine war is expected to maintain oil prices above $70, with geopolitical tensions, fluctuating U.S. stock levels and increased Chinese imports influencing the market.
The Korean government plans to boost U.S. oil and gas imports to reduce its trade surplus, using it as leverage in negotiations with the incoming Trump administration.
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