Seoul still trailing in fight for oil deals

Seoul still trailing in fight for oil deals
After incursions by China and India, South Korea, which sorely lacks oil and gas resources, has been trying its luck in Africa. Senior officials in the foreign ministry in Seoul who oversee its energy policy are hard at work trying to obtain oil acreage and cargoes in return for soft loans to build infrastructure. In the space of two months, the deputy economy minister, Kim Jung-gwan, and foreign minister Kim Sung-hwan visited five countries on the continent. (...) Read more