The Korea Petroleum Association said that the country’s refinery exports hit a record high in 2022, due to high prices. energy The global economy skyrocketed amid the protracted crisis in Russia and Ukraine.
According to the association, the total export turnover of domestic refineries reached $57 billion in 2022, up 71.2% year-on-year, marking the highest level since reaching $53.2 billion. in 2012.
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South Korea exported petroleum products to 64 countries in 2022, up from 58 countries in 2021. Australia accounted for 18.3% of total exports, followed by Singapore and the US with 12 respectively. .1% and 8.3%.
Meanwhile, China accounts for only 8%, down sharply from 20% in 2021 as the restrictions of the “Zero COVID” policy have severely affected the industrial activities of the country.
According to the Association, in 2023, the oil factory of the Korea is expected to benefit from China’s easing of COVID-19 restrictions along with export regulations imposed on Russia by the European Union (EU).
Van Anh (VNA/Vietnam+)