South Korea close to securing oil supplies from Kazakhstan, minister says - Reuters
South Korea close to securing oil supplies from Kazakhstan, minister says Reuters
Coverage by Political Leaning
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Notable Quotes
"The need to secure alternative oil supplies was urgent because South Korea depended on cargoes transited via the Strait of Hormuz for as much as 61% of its crude oil imports and 54% of its naphtha imports."
— Kang Hoon-sik , Executive
"The crisis has exposed a hard truth about US power."
— Roc Shi , Academic
"Despite decades of security guarantees, the US was unable to prevent the closure of the world’s most critical energy chokepoint."
— Roc Shi , Academic
"Allies will now hedge – buying more from America, but also building their own resilience."
— Roc Shi , Academic
Key People
Former president of the United States known for his aggressive economic policies.
The presidential chief of staff who commented on Han's expected leadership.
Roc Shi is a professor at the University of Technology Sydney focusing on energy issues in Asia and Australia.
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<a href="https://news.google.com/rss/articles/CBMitwFBVV95cUxPZjJNQ3l0ejBCdzRkVHVoMk5YMjZFdGVMSy15SUtZU1B0VmhSUXpka3pPWGZhMWh0ckJIcnkxLTVuRnllZ1kwcm55OE5kZFlyd0JBWEJ6ZjNwTUs1d2Z3STRIQlJ4bm5vQmV0R3BQeE5MNzFyUEYyVFgzWUNVUkNVZXNUbzI2LVRLY29IcUxLSWQ2TlVhaUh3OVMtaWwyU2lFazZkOFFzNFVHV2hTT0RxVVlzdl9nUGc?oc=5" target="_blank">South Korea close to securing oil supplies from Kazakhstan, minister says</a> <font color="#6f6f6f">Reuters</font>
South Korea, another US ally, said Friday it would send a special envoy to Iran to discuss the safe passage of its vessels through the Strait of Hormuz.
South Korea is close to securing crude oil supplies from Kazakhstan, the industry minister said on Sunday, as the country looks for alternative energy sources amid the war in the Middle East.
South Korea is nearing an agreement to secure crude oil supplies from Kazakhstan, with specific details expected to be announced early next week, according to Industry Minister Kim Jung-kwan.
South Korea is urging Gulf nations to ensure stable oil and LNG supply and protect vessels near the Strait of Hormuz as shipping disruptions escalate.
South Korea is sending a senior government official to Oman, Kazakhstan, and Saudi Arabia in a bid to secure crude oil supply that does not need to pass through the Strait of Hormuz.
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