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Event Brief

Gov't Audits State Oil Firm Over Oil Purchase Failure

The South Korean government has initiated an audit of the state oil company for not buying 900,000 barrels of foreign-owned oil.
WHO: South Korean government
WHAT: launched an audit
WHEN: Mar 20, 2026 at 3:29 AM ET
WHERE: Seoul
WHY: The audit was triggered by the firm's failure to purchase the oil.
Sources (1): Yonhap Korea

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