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About us
E&P worldwide
Stockpiling Projects
Oil Information
Improvement of Petroleum Distribution Structure
The north east asia oil hub
Purpose of project and expected outcomes
Storage tank terminal construction project
Technology Development
New Energy
 
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Storage tank terminal construction project
 
 

Yeosu Project

Oilhub Korea Yeosu Co. (OKYC) was established in November, 2008. The joint venture finished construction of the 8.2 million barrel storage facility by the end of 2012 and Yeosu terminal started commercial operations in April 2013.
History
  • Sept. 2007 Signed the MOU for the Yeosu Project
  • Sept. 2008 Joint Venture Agreement
  • Nov. 2008 Established OKYC, the Joint Venture company
  • Jan. 2009-Nov. 2011 Basic engineering and government permission
  • Feb. 2011-Dec.2012 Storage facility construction
  • Mar. 2013 Started commercial operation
Outline of the Project

(As of December, 2020)

Outline of the Project
JV Partners
  • JV Company: Oilhub Korea Yeosu Co, Ltd.
  • - KNOC (29%), China Aviation Oil Trading (26%), SK Incheon Petrochem (11%), GS-Caltex (11%), Samsung C&T (10%), Seoul Line Service (8%), LX International (5%)
Site KNOC Yeosu stockpile site (261,540㎡), near to the second largest petroleum energy and refinery cluster in Korea
Capacity
  • 8.2 million barrels (36 tanks, crude 3.5 mmboe , product 4.7mmboe)
  • Jetty : 4ea (200K, 120K, 80K,10K DWT)

yeosu image

Department Contacts Updated
Updated : 2021-12-31 Department : Petroleum Marketing Dept. Contacts : +82)52-216-5105

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