Arab Today, arab today saudi \pledges secure energy to s korea
Last Updated : GMT 01:11:40
Arab Today, arab today
Arab Today, arab today

Saudi \'pledges secure energy to S. Korea

Arab Today, arab today

Arab Today, arab today Saudi \'pledges secure energy to S. Korea

Riyadh - AFP

Saudi Arabia has pledged to ensure a stable supply of oil to South Korea, which is under pressure from the United States to reduce purchases from Iran, a report said on Wednesday. The assurances came as South Korea\'s President Lee Myung-Bak held talks in Saudi Arabia on Tuesday with Saudi Oil Minister Ali al-Naimi and the head of Saudi state oil giant Aramco, Khalid al-Faleh. They discussed \"means of bilateral cooperation between both countries,\" Saudi state news agency SPA said without giving further details. But South Korea\'s Yonhap news agency quoted a senior official as saying Naimi had \"promised to help ensure a stable supply of crude to South Korea.\" \"Regarding oil supply-demand, we will meet any request and additional demand from South Korea,\" senior South Korean presidential press secretary Choe Geum-nak quoted Naimi as saying. \"Lee asked for Saudi\'s support for a stable supply of crude oil to South Korea in case of a contingency, stressing that a rise in oil prices at a time of global economic difficulty could deal a blow to the world economy,\" Yonhap quoted the official as saying. Washington wants close ally Seoul to reduce purchases of Iranian crude in line with a US-led drive to sanction Tehran for its suspected nuclear weapons programme. Naimi said last month that Saudi Arabia was ready to make up for any shortfall in Iran\'s oil exports under new Western sanctions, an announcement that prompted Tehran to urge Riyadh to \"reflect\" on its vow. South Korea, the world\'s fifth largest oil importer, accounts for around 10 percent of Iran\'s oil exports but has yet to cut the imports of Iranian oil due to fears of economic damage. In 2011, top world oil exporter Saudi Arabia exported 270 million barrels of oil to South Korea, accounting for 31.4 percent of Seoul\'s entire oil imports. Lee is expected to meet King Abdullah and Saudi Arabia\'s defence minister on Wednesday for talks \"about boosting cooperation in energy, construction, defence and health care areas,\" South Korea\'s presidential office said. He will also visit the kingdom\'s gas-rich neighbour Qatar on Thursday and make a stop in the United Arab Emirates on his way home. \"I am determined to work harder than any other heads of state to overcome the (global financial) crisis this year, including visiting the three Middle Eastern nations,\" Lee said during a meeting with South Korean residents in Saudi Arabia.  

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today saudi \pledges secure energy to s korea Arab Today, arab today saudi \pledges secure energy to s korea

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday