Venezuela seeks cooperation with Korea in energy sector

A visiting Venezuelan diplomat said here he hopes for wider cooperation with South Korea in the energy industry, combining Korea’s sophisticated technology and the Latin American country’s huge natural resources.

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“Although Korea does not have much energy resources on land, especially no oil production, it has the skill to dig up oil and manage the production. We need to get that.” South Korea, the seventh largest oil consumer and fifth largest net oil importer in the world, has 17 overseas exploration and production projects in 13 countries, including Venezuela.

Korea Herald