Seoul -South Korea plans to secure 80% of its targeted volume of crude oil-which works out to roughly 688,400 barrels-for its strategic reserves in the first half of the year as oil prices are expected to recover in the second half. Seoul does not fix volumes that it intends to buy for the strategic reserves, but allocates a budget. The government has targeted a bud- get of Won 54.9 billion ($50 million) for 2015.
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