South Korea secures Canadian crude oil, with annual imports up to 33 million barrels
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- South Korean Finance Minister Choo Kyung-ho stated that, in accordance with the Free Trade Agreement, South Korea will ensure the annual import of up to 33 million barrels of crude oil from Canada by lowering tariffs.
- South Korea will also simplify the import procedures for Canadian crude oil. This move comes as South Korea seeks to diversify its energy sources amid ongoing conflicts in the Middle East.
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