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Expanding
energy cooperation with Latin America
News Source : Ministry of
Commerce, Industry & Energy
Seoul, Jun 27 2006 (Korea Newswire)--
Korea will accelerate energy cooperation in Central and
Latin America by enhancing energy exploration projects with
Argentina and Mexico. The partnership will encourage Korean
companies to increase investment and facilitate technology
exchange to develop energy resources in both countries.
To discuss the details of exploring and developing energy
resources, a Korean delegation visited Argentina on June
22-23 and Mexico on June 26-27.
At meetings in the two countries, the parties focused on
ways to further explore and develop energy resources,
increase energy trade, and facilitate the exchange of
technology. Both Argentina and Mexico welcomed the Korean
businesses' active participation in the development of
copper mines and oil fields.
Argentina is the largest gas producer and the fourth largest
oil producer in Latin America. Mexico has abundant energy
resources, ranking as the world's fifth largest oil
producer.
The Korean government has pursued energy cooperation with
Central and Latina America since the early 2000s. The
country forged energy partnerships with other Latin American
countries including Peru (2003), Chile (2004), and Brazil
(2004).
