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Middle East Oil Producers Eye S. Korean Reserve Bases Amid Hormuz Crisis

Summary by Kyodo News+

South Korea is drawing growing interest from Middle Eastern oil producers seeking to store crude oil at the country's petroleum reserve bases, the world's sixth largest, amid a prolonged blockade of the Strait of Hormuz, a South Korean official and an expert on the matter have said.

3 Articles

3 Articles

South China Morning Post

Reposted by

PressNewsAgency

South Korea draws Gulf oil storage interest as Hormuz stays closed

Saudi Arabia, Kuwait and the UAE are among major oil producers looking to South Korea’s underground storage facilities, officials say.

3 days ago·Hong Kong

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Middle East oil producers eye S. Korean reserve bases amid Hormuz crisis

South Korea is drawing growing interest from Middle Eastern oil producers seeking to store crude oil at the country's petroleum reserve bases, the world's sixth largest, amid a prolonged blockade of the Strait of Hormuz, a South Korean official and an expert on the matter have said.

4 days ago·Japan

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Kyodo News+ broke the news in Japan 4 days ago on Saturday, May 9, 2026.

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