South Korea to Cooperate With Qatar to Secure Oil, Al Sharq Says

South Korea will focus on “cooperating” with Qatar to try to secure stable supplies of oil, Al-Sharq said, citing South Korean President Lee Myung Bak.

Iranian crude “doesn’t represent a big portion” of South Korea’s oil imports, the newspaper quoted the president as saying. Lee didn’t discuss South Korea’s plans regarding future purchases of oil from Iran, according to Al-Sharq.

Iran is under international sanctions over its nuclear program. Like Qatar, it’s a member of the Organization of Petroleum Exporting Countries.

To contact the reporter on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

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