(EnergyAsia, March 14 2011, Monday) — The South Korean government is considering tapping into its 87.2 million barrels in crude oil stockpile to avert a domestic supply crunch and price spikes amid the political turmoil in the Middle East and North Africa.The planned move will mirror the government’s actions during the previous supply crises of…
SOUTH KOREA: Government may release crude oil stockpile to combat supply crunch
Posted on March 14, 2011 by EnergyAsia