Saturday 20 December 2014
Hyundai Oilbank

S Korean refiner lifts Iranian crude cargo

South Korean refiner Hyundai Oilbank has loaded a cargo of crude in Iran for delivery later this month, a company source said on Friday, while a cargo for refiner SK Energy arrived this week as Seoul resumes imports following a two-month gap.


Hyundai Oilbank to delay $2 bn IPO: sources

South Korean oil refiner Hyundai Oilbank has delayed plans for an initial public offer worth up to $2 billion amid investor concerns over its links to Iran, sources said, the second major Asian IPO to be snagged by Western sanctions aimed at Tehra


IPIC to choose bidders for Hyundai stake

Abu Dhabi's International Petroleum Investment Co (IPIC), top shareholder of South Korea's Hyundai Oilbank Corp, will pick preferred bidders for a 35 percent stake in the refiner, sources close to the deal said. IPIC had picked Merrill Lyn

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