Yonhap News02/06/2026BusinessSouth Korea
South Korea extends crude oil swap system to end of June
L'essentiel
- South Korea has extended its crude oil swap system with private firms until the end of June due to ongoing uncertainties in the Strait of Hormuz.
- The system allows the government to lend crude stockpiles to refiners, who must later restore the stock.
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South Korea has extended its crude oil swap system with private firms until the end of June due to ongoing uncertainties in the Strait of Hormuz. The system allows the government to lend crude stockpiles to refiners, who must later restore the stock.
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This article was originally published by Yonhap News.
