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MKE

about korea

04 Policy Direction

Industry Policies
Trade Policies
Energy Policies

Energy Policies

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  • Manage the National Energy Supply
  • Promote Overseas Energy Development Projects
  • Implement Environmentally Responsible Growth Policies
  • Combat Climate Change
MKE is pursuing a long-term strategy of overseas energy development projects to ensure supply stability.

Strategies

Increased Self-Sufficiency
raise the self-sufficiency rate by 2012 to 18.1% for crude oil and natural gas from 2007’s 4.2% level; raise the self-sufficiency rate by 2012 to 32% from 2007’s 18.2% for six major mineral resources.
Enhance Overseas Development
increase Korea National Oil Corporation’s (KNOC) daily production from 50,000 barrels per day (2007) to 300,000 barrels per day by 2012.
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