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S. Korea's Crude Imports from Iran Double

Posted by February 14, 2017

South Korea imported 1.8 million tonnes of crude oil from Iran in January, up 108.8 percent from a year ago, preliminary data from the Korea Customs Service showed on Wednesday.


That is equivalent to 13.2 million barrels, according to a Reuters calculation.


The world’s fifth-largest crude buyer imported a total of 12.4 million tonnes of crude last month against 10.9 million tonnes imported a year ago, the data also showed.


Final data for South Korea's crude oil imports last month will be published by the state-run Korea National Oil Corp (KNOC) later this month. The KNOC data is considered the industry standard for South Korea's oil imports.

 

Reporting by Jane Chung

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