Economy · FinanceOngoing · 19
Trump announces $8.4bn oil project under South Korea deal
Elis Gjevori · Middle East Eye
Published 2 Oct 2026, 11:46 pm·5 d ago·1 min read
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Trump announces $8.4bn oil project under South Korea deal US President Donald Trump says South Korea’s commitment to invest $200bn in American energy now includes an oil recovery project worth $8.4bn. The broader agreement offers Seoul lower tariffs in return for investment. “I am thrilled to announce the Republic of Korea Deal keeps getting BETTER!,” he wrote on Truth Social. “8.4 Billion Dollars for an enhanced Oil Recovery Project. Producing more Oil and Gas means American Energy Dominance and Energy Security in the World for the Future!” Trump added. He provided no location or…
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