Seoul—South Korea is aiming to ease blending and storage rules as its pushes its plans to convert the southern coast into an oil trading hub. But the government is going slowly on one of its projects that could delay the completion for a few years beyond the original schedule. In an effort to attract more investors, Asia’s fourth-largest oil importer is looking to ease policy regulations on blending and storage by the end of the year that would allow for the creation of more value added products, officials at the state-owned Korea National Oil Corp. said Thursday.
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