Gazprom and Korea address prospects for cooperation in gas sector
RELEASE
Release
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Pae Hak, Minister of Oil Industry of the Democratic People’s Republic of Korea (DPRK).
The parties discussed areas of cooperation in the gas sector.
Background
Korea Oil Exploration Corporation (KOEC) has the exclusive rights to explore and develop hydrocarbon fields in Korea. Reporting directly to the Korean Ministry of Oil Industry, the corporation is focused on oil and gas exploration, production, transmission and storage as well as R&D.