South Korea Secures Extra Oil, Naphtha For Non-Hormuz Delivery

South Korea has secured hundreds of millions of barrels of crude oil plus fresh naphtha supplies from Kazakhstan, Oman, and Saudi Arabia, to be delivered by routes avoiding the blockaded Strait of Hormuz, the president’s chief of staff said.

Some 273 million barrels of crude oil and up to 2.1 million tons of naphtha from Kazakhstan, Oman, and Saudi Arabia, will be delivered by the end of 2026 via other routes, Kang Hoon-sik said.