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BP history in Korea

BP Korea History
The BP group has been in Republic of Korea more than thirty years

1970s

1974 Found Samsung Petrochemical Co. Ltd, a joint venture with Samsung (PTA)
1977 Start marine fuels and lubricant sales business through an agent

1980s

1982 Start sales of petrochemical products
1985 Start marine lubricants blending at Michang
1987 Start auto and industrial lubricants business through a technical license agreement with the Hanwha Energy
1989 Found Samsung BP Chemicals Co., Ltd, a joint venture with Samsung (Acetic Acid, Hydrogen)
1989 Commission lubricants blending factory in Ulsan

1990s

1995 Found Asian Acetyls Co., Ltd, a joint venture with Samsung (Vinyl Acetate Monomer)
1997 Found BP Lubricants Korea Ltd. and start direct lubricant sales businesses to auto and industrial users
1998 Merge with Amoco and change the company name to BP Amoco

2000s

2000 Merge with Arco
2000 Change the company name to BP
2001 Merge with Castrol
2003 Found K-Power, a joint venture with SK Corp (Power Generation)
2003 Samsung BP Chemicals win BP Helios Award
2004 Commit a LNG SPA (Sales Purchase Agreement) with Posco and K Power
2005 Win the Trade and Investment Award from BCCK
2006 Take delivery of the Greater Plutonio (FPSO, Floating Production Storage Offloading) from Hyundai Heavy Industries
2007 Lubricant blending plant in Ulsan achieve 18 years of incident free operation
2008 Participate in clean up oil spilled in Taean with collection of contribution
2009 BP's centenary year
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