Saudi Arabia, Korea agree to bolster energy partnership (opens original article in a new tab)

Saudi Arabia and South Korea agreed to strengthen their energy partnership through a memorandum of understanding covering oil and gas cooperation, investment, technology, and infrastructure development.

• Saudi Minister of Energy met with South Korea's Minister of Trade, Industry and Resources in Riyadh
• MoU signed to expand energy investment and cooperation in oil and gas, refining, petrochemicals, and energy infrastructure
• MoU includes collaboration on technology, digital transformation, R&D, sustainability, and Saudi crude oil storage in Korea's Strategic Petroleum Reserve