South Korea, UAE to cooperate on stable supply of key resources
Backed by a $150 billion investment program, we are raising our crude production capacity to five million barrels a day by 2027, while we continue to invest in…
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Summary
Dr. Sultan Ahmed Al Jaber, managing director and group CEO of Abu Dhabi National Oil Company (ADNOC) By Dr. Sultan Ahmed Al Jaber Trust is built in decades and proven under pressure. Korean companies are equity partners in Abu Dhabi’s upstream exploration companies and a joint venture partner in a growing low-carbon ammonia project in TA’ZIZ, our new world-scale integrated refining and petrochemicals complex. The agreement between the South Korean government and ADNOC focuses on strengthening bilateral cooperation in securing stable oil supplies and jointly maintaining strategic oil inventories for use in emergencies, including geopolitical crises such as the U.S.-Iran conflict, the ministry said.
Furthermore, "The recent situation in the Middle East has entered a new phase, but ensuring stable supply chains for key resources remains one of the most important tasks for South Korea's economic security, Kim said.
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Dr. Sultan Ahmed Al Jaber, managing director and group CEO of Abu Dhabi National Oil Company (ADNOC) By Dr. Sultan Ahmed Al Jaber Trust is built in decades and proven under pressure.
according to The Korea HeraldKorean companies are equity partners in Abu Dhabi’s upstream exploration companies and a joint venture partner in a growing low-carbon ammonia project in TA’ZIZ, our new world-scale integrated refining and petrochemicals complex.
according to The Korea HeraldThe agreement between the South Korean government and ADNOC focuses on strengthening bilateral cooperation in securing stable oil supplies and jointly maintaining strategic oil inventories for use in emergencies, including geopolitical crises such as the U.S.-Iran conflict, the ministry said.
according to Yonhap News"The recent situation in the Middle East has entered a new phase, but ensuring stable supply chains for key resources remains one of the most important tasks for South Korea's economic security, Kim said.
according to Yonhap News
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