South Korea’s President Yoon Suk Yeol endorsed on Monday a plan for drilling off the east coast of one of the world’s largest oil and gas importers, to explore what studies say are potentially vast resources of crude oil and natural gas. The area could contain 14 billion barrels of oil and gas, the president told a press conference on Monday, as carried by Reuters.
Yoon was citing a study about the resource potential off South Korea’s east coast. The study has been reviewed by industry groups and experts, the…South Korea to Explore for Potentially Huge Offshore Oil and Gas Reserves
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