South Korea Aims to Cut Middle East Crude Reliance to 50% by 2035 | HappeningNow.news

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South Korea Aims to Cut Middle East Crude Reliance to 50% by 2035

South Korea will try to cut its reliance on Middle East crude imports to 50% by 2035, Reuters has reported, citing the country’s industry ministry.

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South Korea plans to reduce its dependence on Middle East crude to 50 % by 2035, according to the industry ministry. The ministry has drafted a ten‑year natural resource security plan that calls for a “fundamental shift” in how the country sources its oil imports. The plan aims to diversify supply routes and partners over the next decade.

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