MOTIE(Ministry of Trade, Industry and Energy )

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05 About MKE

  • Industry Policies
  • Trade Policies
  • Energy Policies

Energy Policies

MOTIE Home > Policy Direction > Energy Policies
Manage the National Energy Supply Promote Overseas Energy Development Projects Implement Environmentally Responsible Growth Policies Combat Climate Change
MOTIE 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.