OREANDA-NEWS. Cosmo Oil and Hyundai Oilbank (HDO) have agreed to cooperate closely in establishing reciprocal backup supply system in the case of an emergency such as natural disaster in order to meet public need for stable energy supply which is growing rapidly.

Cosmo Oil and HDO, as a primary energy supplier, intend to contribute to stable supply of petroleum product in the case of emergency by establishing supply system jointly including backup supply of petroleum product.

Cosmo and HDO have a partnership in a wide range of fields such as para-xylene production by Hyundai Cosmo Petrochemical (a joint venture company between Cosmo and HDO), technical cooperation and R&D and will further enhance the partnership through this reciprocal backup supply system.