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[울산] Northeast Asia Oil Center Investment Agreement / YTN

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Ulsan signed an investment agreement with KNOC, which is investing in the North Asian oilfield project of North Asia, and three joint ventures, SK Gas and MOLKT.

The content of the deal includes joint venture amount agreements, share ratios and site rentals for the total project cost of $ 660 billion won at North Ulsan Port.

The effect of boosting the gross domestic product for the North East Asian oilfield, North Port, is estimated at 1.43 trillion SEK.

Incheol Kim []

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