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Briefings South Korea, UAE deepen oil security ties with new strategic supply pactAgreement on emergency crude supplies and joint stockpiling expands bilateral energy cooperation as Gulf risks persist South Korea and the United Arab Emirates (UAE) signed a strategic cooperation agreement on crude oil security on Wednesday, establishing a framework for stable supplies, emergency response and joint stockpiling as Seoul seeks to strengthen the resilience of its energy supply chain. Industry Minister Kim Jung-kwan signed the agreement with UAE Minister of Industry and Advanced Technology Sultan Al Jaber, who also serves as chief executive of Abu Dhabi National Oil Company (ADNOC), during talks in Seoul focused on critical resource supply chains and industrial cooperation. The two sides also discussed expanding cooperation on artificial intelligence in the refining and © Korea Risk Group. All rights reserved. |





