S. Korea secures 74.6m barrels of oil for May, reduces Middle East reliance

South Korea has secured 74.6 million barrels of crude oil for May, lessening the country's reliance on Middle Eastern oil imports amid ongoing regional conflict, according to Cheong Wa Dae on Friday. Kang Hoon-sik, chief of staff for President Lee Jae Myung, said in a press briefing that the level of oil imports secured for next month reaches 87 percent of the 2025 monthly average. He added that South Korea's search for alternative crude-importing countries in the Americas and Africa reduced Sou

By The Korea Herald