News ID: 137875
Published: 0704 GMT March 06, 2016

South Korea raises oil imports from Iran

South Korea raises oil imports from Iran

South Korea's oil imports from Iran rose while it reduced oil shipment from Saudi Arabia, Iraq, Kuwait and UAE

Seoul's January imports stood on average at 670,000bpd — down two percent year-on-year, Shana reported.

Saudi Arabia supplied 110,000 bpd during the month to South Korea which is nearly 13 percent lower than the amount in January last year.

However, Iran exported 210,000 bpd during January to South Korea which is 145,000 bpd higher than the figure for the same month last year.

Furthermore, imports from Russia rose by 50,000 bpd to reach 165,000 bpd.

   
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