- South Korea and Kazakhstan have signed a memorandum of
understanding (MOU) on jointly developing oil fields in the Caspian Sea,
home to one of the world's largest oil reserves, according to the Ministry
of Commerce, Industry and Energy on Sunday.
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- Minister of Commerce, Industry and Energy Lee Hee-beom
disclosed the agreement Saturday in Seoul, after wrapping up a trip to
Germany and the Central Asian nation.
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- The two countries also inked an agreement on conducting
joint mineral resources surveys in Kazakhstan, Lee said.
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- Lee had started a six-day trip to Kazakhstan and Germany
Wednesday, but had to abruptly cancel the remainder of his schedule in
Kazakhstan and Germany following the passage of a parliamentary bill to
impeach President Roh Moo-hyun Friday.
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- Some 70 government and private-sector representatives,
including Korea National Oil Corp. president Yi Ok-su, Korea Gas Corp.
head Oh Kang-hyun and Korea Resources Corp. chief Park Chun-taek, accompanied
the minister.
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- http://times.hankooki.com/lpage/biz/200403/kt2004031418593011860.htm
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