Ulsan oil terminal sold to HHI

Seoul: South Korean refiner Hyundai Oilbank has shuttered its 650,000 barrel-capacity oil terminal in Ulsan.
The refiner sold the site to shipbuilder  Hyundai Heavy Industries in September for Won 25 billion ($20.8 million) according to Platts and is due to remove tanks and vacate the site by end-year. [15/10/08]