South Korea plans to cut its reliance on Middle crude oil imports to 50% by 2035

South Korea has announced a strategic plan to significantly reduce its reliance on crude oil imports from the Middle East, targeting a reduction to 50 percent by the year 2035.

The initiative represents a long-term shift in the nation's energy procurement strategy, aimed at diversifying its supply sources and mitigating potential vulnerabilities associated with a heavy dependence on a single geopolitical region for its energy needs.