(EnergyAsia, January 20) — South Korea has announced plans to buy three million barrels of crude oil this year to add to its 74-million barrel emergency stockpile. The Ministry of Commerce, Industry and Energy which oversees the stockpiling programme, said it has set aside US$121 million for the purchase. South Korea, the world’s…
KOREA: Seoul to raise emergency crude stockpile by three million barrels
Posted on January 20, 2006 by EnergyAsia