(EnergyAsia, May 22, Tuesday) — South Korea is seeking to bolster its national oil security by offering joint storage operations on its soil with several key Middle East producers. Vice energy minister Lee Jae Hoon said his officials have closed a deal with the UAE, while state-owned Korea National Oil Corp (KNOC) could soon…
SOUTH KOREA: Seoul expands crude oil stockpile deals with Middle East producers
Posted on May 22, 2007 by EnergyAsia