Energy high on agenda as MBS heads to Korea

Saudi Crown Prince Mohammed bin Salman plans to visit South Korea this week as the two countries seek to bolster economic ties, officials in Seoul said on Monday.

The two-day visit from Wednesday will be the first by an heir to the throne of the world’s largest oil exporter since 1998.

The crown prince, Saudi Arabia’s de facto ruler and defense minister, will meet South Korean President Moon Jae-in on Wednesday, Moon’s office said.

“The two sides will sign a series of agreements to promote cooperation on areas including energy and public service,” a South Korean official told Reuters.

Saudi Arabia is South Korea’s top oil supplier. South Korea imported 101.5 million barrels of crude oil from the Middle Eastern country in the first four months of 2019, down 2.7% from a year ago, according to data from state-run Korea National Oil Corp (KNOC). South Korea has also been keen on Saudi Arabia’s nuclear power project. State-run utility Korea Electric Power Corp was shortlisted last July to bid for building nuclear plants in the kingdom.

The trip follows a recent U.N. report that accused Saudi Arabia of the “deliberate, premeditated execution” of Saudi journalist Jamal Khashoggi in October. The report said the crown prince and other senior officials should be investigated over Khashoggi’s murder.

Source: Reuters

 

The Liberum

Vox Populi, Vox Dei
See full bio >
The Liberum runs on your donation. Fight with us for a free society.
Donation Form (#6)

More articles you might like

Battlefields of the Future… Pan-Africanism

Not so long ago, I attended an interesting Dar Al-Maraya publishing house event, where they […]

Small Teams Lead to more Success

Small organisations or teams work best because they have communication advantages. They easily out-perform larger […]

The Paris Olympics revealed shameful cracks in the Islamic House

Looking back at the Paris Olympics, it became evident that the Islamic house requires redecorating. […]

Does research into Jew hatred deserve protection by law?

Dutch Deputy Prime Minister Mona Keijzer recently caused a media storm with a blunt statement […]

Climate Change as a new ideology and lucrative business model

The IPCC's narrative that the climate is changing under the influence of humans is questionable. […]
- - by Arthur Blok on 15/07/2024

Everyday life goes on in Lebanon despite fears of war

In the shadow of hostilities in southern Lebanon between Hezbollah and Israel, ‘normal’ life goes […]