(EnergyAsia, June 28, Thursday) — South Korea and Japan have signed a strategic alliance agreement to allow each to tap the other’s oil stockpiles in the event of an emergency. The agreement falls short of a formal joint stockpiling programme.As members of the Paris-based International Energy Agency (IEA), both countries are required to hold a…
KOREA: Oil stockpile alliance with Japan
Posted on June 27, 2007 by EnergyAsia