Trump says US deal with South Korea includes $8.4 billion for oil recovery
USO•Donald Trump said a US trade deal with South Korea now includes $8.4 billion for an oil recovery project.
1. Oil recovery funding
Trump said the deal includes $8.4 billion for an enhanced oil recovery project, which he said would produce more oil and gas.
2. Broader investment package
The announcement follows plans Trump unveiled for South Korea to invest about $200 billion in US projects. Seoul said the proposed $54 billion Alaska LNG pipeline would proceed only if commercial and legal conditions are met; the project will be reviewed for commercial viability and compliance with legal procedures.
