S. Korea, Saudi Arabia sign agreement on crude oil, gas cooperation

South Korea and Saudi Arabia have signed an agreement to seek cooperation in the energy resources industry, including crude oil and natural gas, amid recent volatility in global supply chains, the industry ministry said Sunday.

Industry Minister Kim Jung-kwan signed a memorandum of understanding with Saudi Energy Minister Abdulaziz bin Salman to establish a framework for long-term cooperation in the supply of key energy resources during his two-day visit to the Middle Eastern nation that began S ...