UAE to prioritize Korea in crude oil supply, Lee's chief of staff says

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UAE to prioritize Korea in crude oil supply, Lee's chief of staff says

Presidential chief of staff Kang Hoon-sik speaks during a press conference at the Blue House in central Seoul on March 18. [YONHAP]

Presidential chief of staff Kang Hoon-sik speaks during a press conference at the Blue House in central Seoul on March 18. [YONHAP]

 
The United Arab Emirates (UAE) has pledged to prioritize the supply of crude oil to Korea, President Lee Jae Myung's top aide said Wednesday, saying that a total of 24 million barrels have been secured from the Gulf nation.
 
Kang Hoon-sik, the presidential chief of staff, made the announcement in a briefing after returning from his trip to the UAE, amid concerns over global energy markets with the U.S.-Israeli attack on Iran and Tehran's retaliatory strikes entering their third week.
 

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"The UAE clearly promised us that no country would receive crude oil ahead of Korea, and that we are the 'No. 1 priority' in terms of its oil supply," Kang said.
 
With the latest announcement, Korea is set to receive a total of 24 million barrels of crude oil from the UAE, including an earlier agreement of 6 million barrels, according to Kang.
 
Around 3,000 of the 3,500 Korean nationals staying short term in the UAE have returned home safely, he added.

Yonhap
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