Iran oil Archives | Be Korea-savvy

S. Korea Resumes Iranian Oil Imports After Five Months

SEJONG, Feb. 19 (Korea Bizwire) — South Korean companies imported US$101.2 million worth of Iranian crude last month, the first such move in five months, data showed Tuesday. The January figure represents less than one-fifth of $539 million, the average monthly Iranian crude oil imports for the first seven months of 2018, according to the [...]

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 [...]