S. Korea, Saudi Arabia sign agreement on crude oil, gas cooperation (opens original article in a new tab)

South Korea and Saudi Arabia signed an agreement to enhance cooperation in the energy sector, focusing on crude oil, natural gas, and digital technologies. The deal aims to secure stable resource supply amid global supply chain issues. South Korean officials also met with Saudi counterparts to discuss ongoing energy projects.

• South Korea and Saudi Arabia signed an MOU for energy cooperation including crude oil and natural gas
• The agreement covers crude oil stockpiling, pipeline development, and AI/digital tech use in energy
• South Korean industry minister met with Saudi officials to review company projects in the region