{"id":110172,"date":"2026-06-16T00:00:00","date_gmt":"2026-06-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/?p=110172"},"modified":"2026-06-16T03:12:34","modified_gmt":"2026-06-16T03:12:34","slug":"saudi-arabia-expands-crude-storage-in-south-korea","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/","title":{"rendered":"Saudi Arabia expands crude storage in South Korea"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, all. <\/strong>We lead today\u2019s issue with May\u2019s inflation reading, which rose 1.8% y-o-y on the back of higher housing and personal care prices. Inflationary pressure is expected to ease now that the US and Iran have signed a framework agreement.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- <\/strong>Al Majed For Oud inked an NBO to snap up a group of healthcare, beauty, and retail assets; AI solutions startup Velents joined Anthropic\u2019s Claude Partner Network; and KAFM DMC secured its first independent debt package. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>PLUS- <\/strong>Why did Indian Man Industries snap up National Pipe Company? <\/p>\n<p class=\"tag-border-left\"> Parking oil in Seoul<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt1\"><\/a> <strong> Riyadh puts more barrels closer to Asia:<\/strong> Saudi Arabia is expanding crude storage inside South Korea\u2019s Strategic Petroleum Reserve \u2014 giving Seoul more supply buffer and Riyadh a stronger foothold in one of Asia\u2019s most vital refining markets, the <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/amp\/power\/136661\/%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D9%88%D8%B3%D8%B9-%D8%AA%D8%AE%D8%B2%D9%8A%D9%86-%D9%86%D9%81%D8%B7%D9%87%D8%A7-%D9%81%D9%8A-%D9%83%D9%88%D8%B1%D9%8A%D8%A7-%D9%84%D8%AA%D8%B9%D8%B2%D9%8A%D8%B2-%D8%A3%D9%85%D9%86-%D8%A7%D9%84%D8%A5%D9%85%D8%AF%D8%A7%D8%AF%D8%A7%D8%AA\/\" style=\"\">Arabic press<\/a> reports. The two countries signed an MoU covering cooperation across oil, gas, refining, petrochemicals, energy investment, crude pipeline infrastructure, innovation, and digital transformation.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The mechanisms are simple, but the positioning matters: <\/strong>Saudi barrels <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/logistics\/2023\/10\/25\/saudi-aramco-knoc-sign-oil-storage-agreement-to-reserve-5-3-mn-barrels-of-oil-over-five-years\/\" style=\"\">stored<\/a> in Korea can function as commercial inventory for Aramco and as emergency cover for Seoul. In 2023, Aramco inked a five-year agreement with KNOC to store 5.3 mn barrels of Saudi crude at one of KNOC\u2019s storage facilities in Ulsan, South Korea, with the Asian country holding emergency purchase rights over the barrels.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Kingdom is not the first Gulf producer to run this playbook: <\/strong>UAE energy giant Adnoc has used a similar model with KNOC \u2014 securing <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/logistics\/issues\/hormuz-matters-for-more-than-oil-a-third-of-global-fertilizer-supply-at-risk\/\" style=\"\">storage access<\/a> in Northeast Asia while giving South Korea priority access during supply disruption. Kuwait has also <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/11\/04\/heaps-of-updates-in-warehousing-shipping-and-digitalization-from-ksa-kuwait-and-uae\/\" style=\"\">signed a two-year agreement<\/a> to store 4 mn barrels of crude at Ulsan on similar terms.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong> \u201cProducers of crude oil and condensates in the Gulf region typically have limited need for large storage capacity beyond what is required for logistical purposes,\u201d global oil markets strategist and former Onyx Group head of research Harry Tchilinguirian previously told EnterpriseAM.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Done renting Tennis?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt2\"><\/a> <strong>Qiddiya <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/qiddiya-investment-company-announces-the-national-tennis-centre-saudi-arabias-future-home-of-international-tennis-a80t7bog\" style=\"\">unveiled<\/a><\/strong><strong> the National Tennis Center<\/strong>, a 30-court complex west of Riyadh built to ATP, WTA, and ITF standards. The flagship development features 33k seats across the site, anchored by a 15k-seat retractable-roof center court. Populous is the architect, and construction is already underway.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good timing: <\/strong>The announcement lands just as the Kingdom\u2019s rented tennis calendar runs dry. The WTA Finals leave Riyadh after this November\u2019s edition, while its three-year hosting run for the Next Gen ATP Finals in Jeddah wrapped up last December. The PIF is winding down its LIV Golf financing after 2026 as it shifts toward what it calls more sustainable, high-quality assets. A permanent venue is the brick-and-mortar version of that pivot, potentially handing an obvious home to the PIF-backed ATP Masters 1000 tournament, <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/2025\/10\/26\/the-kingdom-hosts-its-first-atp-masters-1000\/\" style=\"\">confirmed for as early as 2028<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">Saudi holds Uruguay to a draw<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a id=\"wwtt3\"><\/a> <strong>Saudi Arabia and Uruguay drew 1-1<\/strong> in the early hours of the morning in their opening match of the 2026 World Cup. Abdulelah Al Amri opened the score before Uruguay\u2019s Maxi Araujo tied it. The Green Falcons will face Spain on Sunday at 7pm and Cabo Verde the following Saturday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And while we\u2019re on<\/strong><strong> the topic of the World Cup: <\/strong>Sports Minister Abdulaziz Al Faisal assured that the Kingdom will prioritize ticket affordability and fan safety when it hosts the 2034 World Cup. \u201cThis is something that we're going to work with FIFA on. Nobody wants to see a tournament such as the World Cup where people are struggling to come,\u201d he told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sports\/soccer\/saudi-arabia-sports-minister-vows-affordable-safe-world-cup-2034-2026-06-15\/\" style=\"\">Reuters<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT-<\/strong>This year\u2019s World Cup tickets are the most expensive in the tournament\u2019s history, going up to USD 33k for the final after the dynamic pricing system was implemented. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"ksa\/en\/user\/NewsLetters\" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>***<\/strong><strong>You\u2019re reading EnterpriseAM Saudi<\/strong>, your essential daily roundup of business, economics, and must-read news about Saudi, delivered straight to your inbox. We\u2019re out Sunday through Thursday by 7am Riyadh time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Saudi is available without charge <\/strong>thanks to the generous support of our friends at Tas\u2019heel and Hassan Allam Properties.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\">saudi@enterpriseAM.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\">the UAE<\/a>, the MENA <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\">logistics<\/a> industry, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\" style=\"\"><\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/mena-india\/en\" style=\"\">MENA <> India<\/a> corridor?<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/ksa\/newsletters\/\" style=\"\">Tap or click here<\/a> to get your own copy of EnterpriseAM Saudi delivered every weekday.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">The big story abroad <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>When will Hormuz reopen? <\/strong>That was the main question <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-15\/us-at-odds-with-allies-over-how-easy-it-is-to-reopen-hormuz?srnd=homepage-middle-east\" style=\"\">dominating the opening day of the G7<\/a><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-06-15\/us-at-odds-with-allies-over-how-easy-it-is-to-reopen-hormuz?srnd=homepage-middle-east\" style=\"\">Summit<\/a> in France. While US President Donald Trump seems confident that the strait will be open to all on Friday \u2014 when the US and Iran are scheduled to sign a final agreement \u2014 others are less optimistic. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Drama at the summit: <\/strong>G7 members are yet to find common ground on how to handle \u201cthe situation in Iran,\u201d one G7 official told Bloomberg. With two more days to go, we\u2019ll be closely watching for developments from the summit.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>News of the US-Iran agreement is making waves across stock markets: <\/strong>Equities <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/8a6849de-b27c-4680-a80d-42b85b0e77eb?syn-25a6b1a6=1\" style=\"\">soared yesterday<\/a> as the announcement reignited investor confidence \u2014 the S&P 500 jumped 1.7% and the Nasdaq Composite rose 3.1%. The rally was further supported by SpaceX\u2019s shares rising almost 20% yesterday \u2014 their second day of trading. Meanwhile, oil prices continued their fall, with Brent dipping 4.8% to USD 83.17.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Beware the meat wall: <\/strong>The Wall Street Journal is out with a <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/sports\/soccer\/world-cup-hack-meatwall-9d78e237?mod=hp_listb_pos1\" style=\"\">piece<\/a> looking at a new obstacle standing in the way of the teams playing in this year\u2019s World Cup \u2014 the Meat Wall. In this tactic players line up to form a wall in hopes of blocking corner or free-kicks, which the WSJ says has turned \u201cthe beautiful game into a wrestling match.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good morning, all. We lead today\u2019s issue with May\u2019s inflation reading, which rose 1.8% y-o-y on the back of higher housing and personal care prices. Inflationary pressure is expected to ease now that the US and Iran have signed a framework agreement. PLUS- Al Majed For Oud inked an NBO to snap up a group [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":110173,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2540],"tags":[2425,10,9],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-110172","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-energy","tag-enterpriseam-ksa","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"05e2afa8-6c9c-48fc-a922-223563e09487","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2025\/1\/141.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Saudi boosts crude storage in South Korea","related_issue":[110170],"teaser":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Saudi Arabia expands crude storage in South Korea - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Arabia expands crude storage in South Korea\" \/>\n<meta property=\"og:description\" content=\"Good morning, all. We lead today\u2019s issue with May\u2019s inflation reading, which rose 1.8% y-o-y on the back of higher housing and personal care prices. Inflationary pressure is expected to ease now that the US and Iran have signed a framework agreement. PLUS- Al Majed For Oud inked an NBO to snap up a group [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-16T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-06-16T03:12:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/141.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Saudi Arabia expands crude storage in South Korea\",\"datePublished\":\"2026-06-16T00:00:00+00:00\",\"dateModified\":\"2026-06-16T03:12:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/\"},\"wordCount\":980,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/141.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ENERGY\",\"EnterpriseAM KSA\",\"WHAT WE\u2019RE TRACKING TODAY\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TODAY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/\",\"name\":\"Saudi Arabia expands crude storage in South Korea - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/141.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2026-06-16T00:00:00+00:00\",\"dateModified\":\"2026-06-16T03:12:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/141.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/141.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Saudi Arabia expands crude storage in South Korea\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Saudi Arabia expands crude storage in South Korea - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/","og_locale":"en_US","og_type":"article","og_title":"Saudi Arabia expands crude storage in South Korea","og_description":"Good morning, all. We lead today\u2019s issue with May\u2019s inflation reading, which rose 1.8% y-o-y on the back of higher housing and personal care prices. Inflationary pressure is expected to ease now that the US and Iran have signed a framework agreement. PLUS- Al Majed For Oud inked an NBO to snap up a group [&hellip;]","og_url":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/","og_site_name":"KSA","article_published_time":"2026-06-16T00:00:00+00:00","article_modified_time":"2026-06-16T03:12:34+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/141.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Saudi Arabia expands crude storage in South Korea","datePublished":"2026-06-16T00:00:00+00:00","dateModified":"2026-06-16T03:12:34+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/"},"wordCount":980,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/141.jpg?fit=%2C&ssl=1","keywords":["ENERGY","EnterpriseAM KSA","WHAT WE\u2019RE TRACKING TODAY"],"articleSection":["WHAT WE\u2019RE TRACKING TODAY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/","url":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/","name":"Saudi Arabia expands crude storage in South Korea - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/141.jpg?fit=%2C&ssl=1","datePublished":"2026-06-16T00:00:00+00:00","dateModified":"2026-06-16T03:12:34+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/141.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/141.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2026\/06\/16\/saudi-arabia-expands-crude-storage-in-south-korea\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Saudi Arabia expands crude storage in South Korea"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/141.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/141.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2025\/1\/141.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/110172","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=110172"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/110172\/revisions"}],"predecessor-version":[{"id":110208,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/110172\/revisions\/110208"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/110170"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/110173"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=110172"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=110172"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=110172"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=110172"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=110172"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}