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The growth of Korea's imports of Iranian oil more than doubled in January

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rocky
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The growth of Korea's imports of Iranian oil more than doubled in January

Post by rocky on Thu 16 Feb 2017, 3:30 am

[size=30]The growth of Korea's imports of Iranian oil more than doubled in January[/size]
15/02/2017 04:17 | Number of Views: 427
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Direction Press / Agencies
South Korea's imports of Iranian crude rose more than doubled in January from a year earlier with the increase of production Tehran to regain market share.
 
Official customs data showed that South Korea, a senior Iranian oil buyer had imported 1.79 million tons of crude from Iran, equivalent to 424 thousand and 143 barrels per day in January, compared with 859 thousand and 223 tons a year earlier, and 1.55 million tons in the previous month .
 
Iran and a member of the Organization of the Petroleum Exporting Countries (OPEC) are excluded from the lower supply reached by Member States last year's agreement. And approaching Iran's current production of 3.9 million barrels a day, according to Iran's oil minister last month.
 
In contrast Purchases fifth it fell by the largest importer of oil in the world of Saudi crude 17.3 percent to 3.32 million tons, or 785 thousand and 84 barrels per day in the first month of 2017 compared with the previous month, in light of the largest oil exporter in the world's commitment to an agreement to reduce global supply.
 
Overall, imported the fourth largest economy in Asia, 12.41 million tons of crude oil in January, or 2.93 million barrels per day, up 14 percent from 10.88 million tons a year earlier, but down 6.3 percent from 13.24 million tons in the previous month, according to figures from the customs.
 Final data are issued for the import of January oil for the Korean National Oil Corporation later this month.

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