condensate Archives | Be Korea-savvy

U.S. Sanctions on Iran Trouble Refiners over Condensate Imports

SEOUL, Nov. 8 (Korea Bizwire) — South Korean refiners and petrochemical companies are struggling to diversify imports of ultralight crude following the U.S. reimposition of sanctions on Iran over its nuclear program, industry sources said Thursday. Washington on Monday reinstated all Iranian sanctions removed under the 2016 nuclear deal but allowed South Korea and seven [...]

S. Korean Refiners Diversify Imports of Condensate over U.S. Sanctions on Iran

SEOUL, Aug. 8 (Korea Bizwire) — South Korean refiners and a petrochemical company have begun to increase purchases of ultralight crude from Qatar, the United States and other countries as they cut imports of Iranian condensate due to Washington’s sanctions on Tehran, corporate sources said Wednesday. SK Innovation Co., South Korea’s biggest oil refiner by [...]