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Overview
Oilhub Korea Yeosu Co., Ltd.
Oilhub Korea Yeosu Co., Ltd. ("OKYC") is a petroleum complex logistics terminal company that was established to accomplish a project titled "Construction of Northeast Asia ("N.E.A") Oil Hub" which is being promoted as one of the major government projects.
This project refers to establishment of an international petroleum logistics base in Yeosu and Ulsan with the idea of making Korea the core of N.E.A oil trading.
Korea National Oil Corporation (“KNOC”), leading oil companies and related companies participated in corporation of OKYC in 2011 to construct the hub of petroleum logistics activities including refinery, supply, storage, brokerage, trading and distribution. After a total construction period of 26 months, OKYC started commercial operation from March 2013.
OKYC Organization Chart
Composition of Shareholder Company
OKYC possesses total capacity of 8.2 million barrels of crude oil and petroleum storage facilities and Jetties in Yeosu with the perfect port conditions and capability of loading and discharging of almost all kinds of tankers. VLCC berthing is also available by utilizing adjacent jetties of KNOC.
Facilities Overview
Key Facts
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Full Name of Company
|
Oilhub Korea Yeosu Co., Ltd.
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|
Number of employees
|
69
|
|
Number of tanks
|
36
|
|
Total Capacity
|
1,300,000 cbm(8,200,000bbl)
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|
Tank Size
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6,000 ~ 80,000 cbm(38,000 ~ 500,000bbl)
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Tank Type
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Steel, Aluminum Dome Roof, Cone-Down shape
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Access
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Vessel, Pipeline(Crude Only)
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Berths
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4
|
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Max. Draft
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10.4 ~ 17.7m
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Services
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Storage, Blending, Heating, Ship-Jetty-Ship, ITT, Circulation
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Customs Status
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Comprehensive Bonded Area
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|
Financial information
|
Corporate Bond : A+ (Korea-Fitch rating)
Commercial Paper : A++ (KIS-Moody's Rating) |
|
Full Name of Company
|
Oilhub Korea Yeosu Co., Ltd.
|
|
Number of employees
|
69
|
|
Number of tanks
|
36
|
|
Total Capacity
|
1,300,000 cbm(8,200,000bbl)
|
|
Tank Size
|
6,000 ~ 80,000 cbm(38,000 ~ 500,000bbl)
|
|
Tank Type
|
Steel, Aluminum Dome Roof, Cone-Down shape
|
|
Access
|
Vessel, Pipeline(Crude Only)
|
|
Berths
|
4
|
|
Max. Draft
|
10.4 ~ 17.7m
|
|
Services
|
Storage, Blending, Heating, Ship-Jetty-Ship, ITT, Circulation
|
|
Customs Status
|
Comprehensive Bonded Area
|
|
Financial information
|
Corporate Bond : A+ (Korea-Fitch rating)
Commercial Paper : A++ (KIS-Moody's Rating) |
