South Korea has dispatched a special envoy to Libya in an effort to secure alternative oil sources to replace the blockaded Gulf supplies, South Korean media revealed last Tuesday (14 April).
South Korean Foreign Minister Cho Hyun said that he has dispatched envoys to Algeria and Libya and plans to send another envoy to the Republic of Congo to seek new supply routes amid the Middle East crisis.
“The ministry will actively pursue the dispatch of presidential envoys after consulting with relevant ministries, the Korea Petroleum Association and other stakeholders to contribute to the government’s efforts to secure alternative sources of supply,” Cho said.
Cho made the remarks during a Cabinet meeting after President Lee Jae Myung called on the government to explore supply chain alternatives as the United States’ war against Iran has choked off the crucial Strait of Hormuz and disrupted maritime traffic in the Middle East.
Park Jong-han, deputy foreign minister for economic affairs, is visiting Algeria and Libya this week to discuss potential supply chain cooperation.
