Is Korea the oil producer?

When we hear about oil producing countries, oil producing countries, we are reminded of the countries of the Arabian Peninsula, such as Saudi Arabia, Iran and Iraq.

However, the United States, Russia, and China are the same oil producing countries.

It is often said that Korea does not come out with a drop of oil.

But is it true?

Korea is the 95th oil producing country in the world.

There is a 'Donghae-1 gas field' on the East Sea.

Since 2004, the company has been producing crude oil at a rate of 90% of natural gas and 10% of crude oil.

A new gas field was discovered in early 2005.

The natural gas and crude oil produced here are estimated to have an import substitution effect of about $ 250 million.

If you look at the daily production of the Donghae-1 gas field, it is said that the amount of natural gas can be supplied to 310,000 households a day and crude oil to 18,000 cars a day.

In addition, natural gas produced in the Donghae-1 gas field is natural gas of sufficient quality to be used immediately without any additional treatment.

Crude oil is ultra-hard crude oil, which is said to be cleaner than most other types of oil, with little emissions of air pollutants.

Now you can not say that Korea is a country that does not have a drop of oil.

That does not mean that you can use these resources freely.

Resources that are exhausted someday.

The fact that we have to save resources is not changed.