South Korea and Japan agree to boost cooperation in supply chains
Seoul, May 19 (IANS) South Korea’s President Lee Jae Myung said Tuesday he and Japanese Prime Minister Sanae Takaichi agreed to further enhance cooperation on supply chains amid the continuing conflict in the Middle East, as well as in securing crude oil and Liquefied Natural Gas (LNG) supplies. Lee made the remarks as he and […]
UAE pledges to supply crude oil to S. Korea with top priority
Seoul, March 18 (IANS) The United Arab Emirates (UAE) has pledged to supply crude oil to South Korea with top priority, President Lee Jae Myung’s top aide said on Wednesday, saying that a total of 24 million barrels of crude oil have been secured from the Gulf nation. Kang Hoon-sik, the presidential chief of staff, […]
Iran officially closes Strait of Hormuz, crude oil pices expected to soar
New Delhi, March 3 (IANS) With Iran officially closing the Strait of Hormuz with a stern warning to oil ships, crude oil pices are expected to soar further in coming days. Iranian officials told the state media that the Strait of Hormuz is closed and if anyone tries to pass, “the heroes of the Revolutionary […]
