Crude oil · Petroleum · Shipping

Korea oil hub.

Connecting Iraqi crude and petroleum opportunities with Korean storage and Asian demand. We welcome suppliers, storage users and operating partners.

In development · Enquiries are not capacity reservations

Development concept

  1. 01Iraqi supply
  2. 02Korean storage
  3. 03Asian markets

Supply verification + logistics + demand assessment

Review scope

Connect supply, storage and demand.

01

Supply & demand

Identify product specifications, cargo sizes, delivery windows and intended buyers. Distinguish recurring demand from a one-off cargo.

02

Storage & logistics

Define capacity, storage duration, monthly throughput, handling requirements and inbound / outbound routes.

03

Commercial & financing structure

Map participant roles, operating costs, revenue assumptions and funding requirements for further institutional review.

PentaBay’s role

We develop the supply, shipping, storage and sales concept with potential counterparties. Initial work covers product flows, participant responsibilities, cost assumptions and the next development decisions.

Information that changes the assessment

State the volume unit: m³, barrels or net metric tonnes. Mass-to-volume conversions require product density and a temperature basis. Explain any special handling requirements.

This is a development initiative, not an offer of operating tank capacity. Facility participation, available capacity, supply, funding and operating dates require project assessment and separate agreements.

Prepare the discussion

Start with the information you have.

Estimates are welcome. Mark information that is not yet known and keep confidential documents for a separately agreed exchange.

Download the enquiry brief (.txt)

Useful starting points

  • Product, volume and unit
  • Storage duration and monthly throughput
  • Target dates and your proposed role

Send an enquiry

Tell us about the project.

Use business contact details and non-confidential requirements. A successful submission displays a reference number. We use your business email for follow-up.

info@pentabay.org ↗

Korea Oil Hub project brief * Required

Contact and project details

A successful submission shows a reference here. Prefer email? info@pentabay.org.

Before you enquire

Practical questions.

Should I provide capacity or monthly throughput?

Both help. Capacity is the quantity held at one time; throughput is the quantity moving through the operation over a month. State the unit for each and the storage duration.

Can suppliers and operators enquire?

Yes. Describe your proposed role, capabilities and the information needed to assess cooperation. Storage users can describe their product and demand.

Does an enquiry reserve capacity?

No. The hub is in development. Facility participation, capacity, timing and commercial commitments require separate assessment and agreements.