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Home International Customs

South Korea’s June crude imports from Iran up 10.5%

byCT Report
18/07/2017
in International Customs, Korea, South Korea
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SEOUL: South Korea imported 1.2 million tonnes of crude oil from Iran in June, up 10.5 percent from a year ago, preliminary data from Korea Customs Service showed.

That is equivalent to 8.4 million barrels, according to a calculation. The world’s fifth-largest crude buyer imported a total 11.6 million tonnes of crude last month against 11.3 million tonnes imported a year ago, the data also showed.

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In the first half of the year, South Korea’s intake of Iranian oil jumped 51.5 percent to 9.27 million tonnes, or 375,597 bpd, over the same period a year ago.

South Korea is one of the main Asian customers for Iranian crude, including ultra-light oil known as condensate.

 

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