S. Korea mulling increasing Russian o...

S. Korea mulling increasing Russian oil imports amid Mideast unrest

There are 15 comments on the english.yonhapnews.co.kr story from Feb 24, 2011, titled S. Korea mulling increasing Russian oil imports amid Mideast unrest. In it, english.yonhapnews.co.kr reports that:

South Korea is considering expanding its imports of Russian oil in a bid to diversify its sources of energy amid ongoing unrest in the Middle East, a senior government official said Thursday.

The official did not say why Russian oil is being considered a viable option, but South Korea has reportedly been entertaining plans to establish a network of oil transportation linking Russia.

Join the discussion below, or Read more at english.yonhapnews.co.kr.

“What goes around comes around”

Since: Feb 11

Rostov-on-Don, Russia

#1 Feb 25, 2011
Very smart business move. I never had doubts about asian wisdom. Whatever happens in the rest of the world they'll provide for their citizens the best possible.

“Dimitri at the races in Russia”

Since: Jan 10

Location hidden

#2 Feb 25, 2011
Just make sure no oil flows through Ukra peasants land.

“What goes around comes around”

Since: Feb 11

Rostov-on-Don, Russia

#3 Feb 25, 2011
Pesky army wrote:
Just make sure no oil flows through Ukra peasants land.
Absolutely agree, but between Russia and S Korea only North Korea or China. They are the different matter.

“Dimitri at the races in Russia”

Since: Jan 10

Location hidden

#4 Feb 25, 2011
Russians should keep Ukras away from any pipe lines.
Otherwise Ukras will siphon, steal your gas.

These peasants are unpredictable.

Since: Jun 10

Location hidden

#5 Feb 25, 2011
It all depends on how much political freedoms South Koreans are willing to give up. Hell, if they want, they can get 100% of their supplies from Russia and subsequently give up ALL of their political freedoms. Their choice.
Kind of reminds me of how a democratic process is used to choose anti-democratic forces that will immediately get rid of the democratic processes in order to stay in power (ex. Hamas)
ronan

Haslemere, UK

#6 Feb 25, 2011
Pesky army wrote:
Russians should keep Ukras away from any pipe lines.
Otherwise Ukras will siphon, steal your gas.
These peasants are unpredictable.
Neither the South Stream nor the Nabucco pipeline will pass through Ukraine.

Bearing in mind that Nabucco is a Western project, that gives you an indication of the trust they put in Ukraine that they decided to by-pass it!!

With its shenanigans, Ukraine put itself out of the loop of any energy distribution. Apparently they were looking at supply from... err... Libya !!!

“Dimitri at the races in Russia”

Since: Jan 10

Location hidden

#7 Feb 25, 2011
South Korea needs gas to prosper further.
Russians have plenty of it. Their doors are wide opened. Business as usual, I would say.

As for any political freedom, there´s no need to worry. At least for now.
ronan

Haslemere, UK

#8 Feb 25, 2011
Yo Wassap wrote:
It all depends on how much political freedoms South Koreans are willing to give up. Hell, if they want, they can get 100% of their supplies from Russia and subsequently give up ALL of their political freedoms. Their choice.
I have never heard that to get supply of Russian energy or minerals (oil, gas and ores), a country needed to surrender any of its political freedom.

These are just normal business transactions that shouldn't be mixed up with political considerations.

“Dimitri at the races in Russia”

Since: Jan 10

Location hidden

#9 Feb 25, 2011
Please excuse wassap, he doesn´t know much about business.
Pesky SLOvak Engwish

Yorktown Heights, NY

#10 Feb 25, 2011
Pesky army wrote:
South Korea needs gas to prosper further.
Russians have plenty of it. Their doors are wide opened. Business as usual, I would say.
As for any political freedom, there´s no need to worry. At least for now.
Yuze means yuze hav ability to says something in English?

Since: Jun 10

Location hidden

#11 Feb 25, 2011
That's unfortunate. In 2006 Duma passed a law giving oil and gas export monopoly to Russian companies. Most Russian companies are owned/controlled by the state. Russia has been known to cut off gas to countries who were "disagreeable" during the winter months and claim excuses like "You have debt," "the pipeline exploded and it's taking a long time to fix it," "Ukraine is siphoning off gas and we have no choice to shut it down," etc.

Countries that do not have these problems? Italy, Germany, and others who have signed long-term contracts with Russia and do whatever Russia tells them to do in EU, UN, and NATO.
ronan wrote:
<quoted text>
I have never heard that to get supply of Russian energy or minerals (oil, gas and ores), a country needed to surrender any of its political freedom.
These are just normal business transactions that shouldn't be mixed up with political considerations.
ronan

Haslemere, UK

#12 Feb 25, 2011
Yo Wassap wrote:
That's unfortunate. In 2006 Duma passed a law giving oil and gas export monopoly to Russian companies. Most Russian companies are owned/controlled by the state. Russia has been known to cut off gas to countries who were "disagreeable" during the winter months and claim excuses like "You have debt," "the pipeline exploded and it's taking a long time to fix it," "Ukraine is siphoning off gas and we have no choice to shut it down," etc.
Countries that do not have these problems? Italy, Germany, and others who have signed long-term contracts with Russia and do whatever Russia tells them to do in EU, UN, and NATO.
<quoted text>
Well, that's your point of view, but it's rather bias.

In the business world, people who don't pay on time get bad credit rating and compromise their chances of further supply. It's not a unique Russian attitude!!

I wouldn't shed tears for Ukraine: Yushchenko was a scoundrel who used all the tricks in the book to aggravate the relations between 2 countries, provoked energy shortage in the West, and tried to involve European countries in his little vendetta.

Thanks God, his tactics were so transparent that the West ignored him and his electorate escorted him out. Russia did show a lot of restrain and maturity in not over reacting.

“Pink Ponies of Justice”

Since: Sep 07

Moscow, Russia

#13 Feb 25, 2011
Yo Wassap wrote:
Countries that do not have these problems? Italy, Germany, and others who have signed long-term contracts with Russia and do whatever Russia tells them to do in EU, UN, and NATO.
As a Georgian national and Saakashvili follower you probably think that every country should be anti-Russian by default. But that isn't so. Italy, Germany or South Korea are independent countries and do whatever they want. They simply have good relations with Russia. Any normal country with adequate leadership have good relations with Russia. For example, Russia don't supply any energy to South America, but have good relations with most of South American countries. Why shouldn't we?

Since: Jun 10

Location hidden

#14 Feb 25, 2011
Selling weapons to Honduras and Venezuela is not considered "having good relationship with most of South America"

Also,
http://www.reuters.com/article/2011/02/02/ger...

Former german chancellor is on Gazprom board.

http://wikileaks.foreignpolicy.com/posts/2010...
Berlusconi pocketing money from Italy-Russia oil deal(s)
WeFoundThem

Summerville, SC

#15 Feb 26, 2011
Sounds like South Korea needs the help of The Two Witnesses. I was reading in one of their books about how the nations need to learn better business practices. They have detailed strategies that would help all nations.

Funny, how they foretold of this oil crisis over 30 yrs. ago!

Check them out: http://www.wefoundthem.org

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