SOUTH KOREA TO CONTRIBUTE TO CONSTRUCTION OF OIL PIPELINE IN SIBERIA

South Korea is willing to contribute, financially and otherwise, to an oil pipeline project in eastern Siberia, in Russia.

Speaking at a Russo-Korean economic forum currently underway in Moscow, a senior official at the Korea National Oil Corporation (KNOC) said South Korea’s participation in the construction of the Taishet-Nakhodka pipeline would help the country ensure its oil security by increasing imports of Russian crude.