Trump says S. Korea deal 'keeps getting better,' unveils $8.4 bil. oil recovery project
WASHINGTON — U.S. President Donald Trump said Friday a deal with South Korea "keeps getting better," announcing a $8.4 billion "enhanced oil recovery project," as Seoul and Washington are working to implement the Asian country's investment commitment under their trade deal signed last year. Trump made the remarks in a social media post, after he unveiled the first package of South Korea's…
U.S. President Donald Trump expressed satisfaction with the progress of the trade deal with South Korea on Friday, unveiling an $8.4 billion enhanced oil recovery project. The announcement was made in a social media post, following the unveiling of other investment projects under the agreement, which include a gas-fired power plant in Texas and eight large-scale nuclear power plants.
In his post, Trump stated, "I am thrilled to announce the Republic of Korea Deal keeps getting BETTER!" He referred to South Korea by its official name, the Republic of Korea. The enhanced oil recovery project, which involves techniques to recover additional oil from existing oil fields, aims to ensure American energy dominance and security. However, Trump did not provide further details about the specifics of the project.
The announcement came as a surprise, as South Korea had previously indicated that the EOR project was not among the projects included in the trade deal.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
