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Industry Ministry promises to support Korean refining sector hit by coronavirus 2020-04-22
(20.04.22)코로나19 대응 정유업계 간담회04.JPG 1

Trade, Industry and Energy Minister Sung Yun-mo (left) held a meeting with local oil refiners, including SK Energy, GS Caltex, Hyundai Oilbank, and S-OIL at the Korea Trade Insurance Corporation in Seoul, on April 22, to assess the difficulties refiners face amid COVID19 pandemic and discuss support measures for the industry hit by plunging oil prices and petroleum demand.


Minister Sung said the government will continue to support the refining sector recover from coronavirus by relieving storage issues through temporary reduction of rental fees at state-run facilities and allowing refiners to delay payment of quality test commissions.