The United Arab Emirates and Saudi Arabia have promised to fill any gap in South Korea's oil imports if supplies from Iran are disrupted, South Korean Minister of Strategy and Finance Bahk Jae-wan said on Monday.
May 7, 2012 3:34
APAN Insurers to cut cargo insurance coverage by over 50 pct-Nikkei; Reflects European firms' move to halt reinsurance on Iran oil
April 4, 2012 3:19
A Korea National Oil Corporation (KNOC)-led consortium has secured South Korea's first oil production assets in the United Arab Emirates (UAE), the Korean government said on Monday.
March 5, 2012 1:21
South Korean President Lee Myung-bak will hold meetings with major crude suppliers Saudi Arabia, Qatar and the United Arab Emirates from Tuesday through Friday, as the country looks for alternatives to Iranian oil.
February 6, 2012 2:55