South Korea refiners to resume Iran imports from September
South Korean refiners will resume imports of up to 200,000 bpd of Iranian crude from September, economy ministry sources said yesterday, ending a two-month gap due to a European Union ban on insurance cover for Iranian oil. The resumption is unlikely to hinder South Korea’s bid to extend a US sanction waiver later this year as imports in 2012, which were down 17% in the first half, will still be almost 20% lower than last year. “The imports will resume from early September loading, meaning late September arrival,” said a source at the ...
Click
To Read Full Article
