Gov't may impose export restrictions amid crude oil supply emergency: vice minister

South Korea remains in an "emergency situation" in terms of the country's crude oil supply, a senior official assessed Friday, noting the government may adjust oil supplies by refineries or impose export restrictions on related products. Vice Industry Minister Moon Shin-hak made the remarks in an interview with radio broadcaster CBS, as concerns mount over possible disruptions in oil supplies starting next month with the continued closure of the Strait of Hormuz, a key global oil export route. "

By The Korea Herald