South Korea's Ministry of Foreign Affairs said Monday it held a videoconference with economic attachés at overseas diplomatic missions to explore alternative supply lines amid the Middle East crisis.
The meeting, chaired by Park Jong-han, coordinator for economic diplomacy, was convened to review options for securing supply lines that could replace existing supply chains for crude oil and naphtha.
Economic attachés from missions in Algeria, Nigeria, Egypt, Gabon, the United Arab Emirates, Saudi Arabia, Oman, Australia, Malaysia, India, Norway, the United Kingdom, Italy, Russia, Canada and the United States participated in the meeting.
"It is important to monitor crude oil and naphtha supply conditions in real time and proactively secure alternative supply lines through consultations with refiners and other stakeholders," Park said.