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GS Caltex, a Korean refinery, will transfer engineering techniques on reducing carbon emissions and increasing energy efficiency to a state-run oil company in Oman, the company said yesterday.
The company signed a memorandum of understanding on Tuesday in Muscat on supporting the Mideast country in becoming an energy-efficient and low-carbon economy, it said. Participants included Chyun Sang-ho, executive vice president of manufacturing division of GS Caltex; Lee Tae-yong, CEO of Korea Energy Management Corporation; and Adil Bin Abdulaziz Al Kindy, CEO of Oman Refineries & Petrochemicals Company.
The deal is part of a joint project by the Korean government and GS Caltex in offering technical aids to developing companies.
GS Caltex was selected as an operator of the foreign assistance projects launched by the Ministry of Knowledge Economy late last year.
Since 2003, GS Caltex has been dispatching engineers to a refinery plant in Sohar, some 200 kilometers north of Oman’s capital and has shared their know-how on plant operation and maintenance.
As a part of its efforts to cut carbon emissions, the Korean oil refinery has been offering education programs on efficient energy use as well as establishing information technology system on monitoring energy consumption, an official of the company said.
By Cho Chung-un
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As contradictory as it sounds, a more energy efficient oil refinery is obviously good news. The energy required to produce the refined products is one of the hidden energy costs that we do not consider often enough.
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