EnergyInitiative will leverage Takaichi-proposed framework to expand energy cooperationJapanese Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung shake hands during their visit to Horyu-ji Temple in Nara, Japan, in January. (Pool photo)RYUTO IMAO, RINTO HORIKOSHI and ERIKA KOBAYASHIMay 19, 2026 02:01 JSTUpdated on May 19, 2026 02:14 JSTTOKYO/SEOUL -- Japanese Prime Minister Sanae Takaichi and South Korean President Lee Jae Myung are set to agree at their summit Tuesday to establish a framework for cooperating on the procurement of crude oil, including a joint reserve.
South Korea to join Japan's plan for joint oil reserve at summit
Initiative will leverage Takaichi-proposed framework to expand energy cooperation
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