S. Korea's oil products demand and production increasing

Dec 29, 1996 01:00 AM

South Korea's oil products demand rose 6.3 % to 641.1 million barrels in the first 11 months of 1996. This compares with a 9.1 % growth in domestic consumption in the same period of 1995. The oil refiners produced 652.6 mmb of petroleum products in the first 11 months against 586.7 mmb a year earlier. Production increased with the commercial operation of Hyundai Oil Refinery Co.'s new 200,000 bpd crude distillation unit (CDU) in May and Yukong Ltd's 200,000 bpd CDU in October. South Korea currently has a refining capacity of 2.44 million bpd.

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