South Korean envoy secures three months' worth of overseas oil supply

Golden Ten Data reported on April 15 that the South Korean government recently dispatched a special envoy to the Middle East and Central Asia, seeking to bypass the blocked Strait of Hormuz and find alternative oil supply channels. On the 15th, the envoy stated that more than 200 million barrels of crude oil had been purchased from multiple oil-producing countries unaffected by the Strait of Hormuz blockade, enough to supply South Korea for three months. On the same day, Chief Presidential Secretary Kang Hoon-sik held a press conference at the Presidential Blue House, briefing on his visit as the presidential envoy to Saudi Arabia, Qatar, Oman, and Kazakhstan. He said that by the end of the year, South Korea would import 273 million barrels of crude oil from these four countries, with about 200 million barrels to be imported from Saudi Arabia and transported via the Red Sea route. Saudi Arabia and Oman also promised to provide South Korea with a combined total of 2.1 million tons of naphtha, equivalent to the country's monthly import volume.