According to local media reports, the South Korean administration is set to deploy special envoys to Saudi Arabia, Oman, and Algeria in an effort to guarantee crude oil deliveries.
Ahn Do-geol, a member of the ruling Democratic Party in the South Korean parliament, disclosed to journalists that the government’s energy security initiatives also encompass plans to dispatch five vessels bearing the South Korean flag to Saudi Arabia.
Given its status as Asia’s fourth-largest economy, South Korea relies heavily on imports to meet its energy requirements, with the Middle East accounting for approximately 70 percent of its crude oil supplies.
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