At a time when timely procurement of energy resources should come as a top national priority, the South Korean government has reached out its hand to an
마지노게임 Eastern European country for much-needed energy assistance. The Ministry of Commerce, Industry and Energy (MOCIE) said Friday that a staff of 60 economic delegates composed of government officials and key enterprise figures are set to pay a visit to resource-rich Azerbaijan, in order to pursue ways to tap energy resources and related businesses. Slated for August 27 through 31st, the business trip to the less trodden nation will be led by Lee Won-gul, Vice Minister of MOCIE and also serve as a landmark occasion to further diversify energy sources such as crude oil and natural gas. The 60 delegates will also bolster bilateral cooperation in five key sectors, including energy, telecommunications, agriculture, trade and construction, in which the two countries believe will further strengthen the scope of cooperation. "Following the collapse of the former Soviet Union, Azerbaijan has pursued ambitious economic development path and it strongly wanted to learn the recipe of South Korea's economic success. In return for economic cooperation, South Korea will be able to procure various types of energy development in the nation to fight back ever-worsening oil prices," according to a MOCIE official. SOCAR, Azerbaijan's state oil company owns up to 50 percent of Inam oil reserves that most energy experts believe contains 2 billion barrels of oil. MOCIE added that it wants to procure roughly 20 percent oil stake in the Inam offshore block if the negotiation goes according to plan. [Min-koo Kim / RVR]
마지노게임 Eastern European country for much-needed energy assistance. The Ministry of Commerce, Industry and Energy (MOCIE) said Friday that a staff of 60 economic delegates composed of government officials and key enterprise figures are set to pay a visit to resource-rich Azerbaijan, in order to pursue ways to tap energy resources and related businesses. Slated for August 27 through 31st, the business trip to the less trodden nation will be led by Lee Won-gul, Vice Minister of MOCIE and also serve as a landmark occasion to further diversify energy sources such as crude oil and natural gas. The 60 delegates will also bolster bilateral cooperation in five key sectors, including energy, telecommunications, agriculture, trade and construction, in which the two countries believe will further strengthen the scope of cooperation. "Following the collapse of the former Soviet Union, Azerbaijan has pursued ambitious economic development path and it strongly wanted to learn the recipe of South Korea's economic success. In return for economic cooperation, South Korea will be able to procure various types of energy development in the nation to fight back ever-worsening oil prices," according to a MOCIE official. SOCAR, Azerbaijan's state oil company owns up to 50 percent of Inam oil reserves that most energy experts believe contains 2 billion barrels of oil. MOCIE added that it wants to procure roughly 20 percent oil stake in the Inam offshore block if the negotiation goes according to plan. [Min-koo Kim / RVR]