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South Korea says UAE, Saudi promise more oil

South Korea says UAE, Saudi promise more oil

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 Iran Oil Insurance Coverage

APAN Insurers to Cut Iran Oil Insurance Coverage

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
 
South Korea takes 40 percent stake in UAE oilfields

South Korea takes 40 percent stake in UAE oilfields

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 Korea’s Lee to start Middle East crude talks Tuesday

South Korea’s Lee to start Middle East crude talks Tuesday

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
 
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