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South Korea: We rely entirely on Iranian oil

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rocky
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South Korea: We rely entirely on Iranian oil

Post by rocky on Wed 11 Jul 2018, 8:19 am


South Korea: We rely entirely on Iranian oil

10:01 - 11/07/2018
0




Information / Baghdad ..
SEOUL (Reuters) - Seoul is seriously dependent on oil imports from Iran, South Korea's economy and energy expert Lee Da Seok said on Wednesday, warning that economic tensions could lead to significant losses in its economy.
"South Korea is totally dependent on the import of oil from Iran and other countries and economic tensions could cause huge losses in its economy," Da Sook was quoted by the Mehr news agency as saying.
"Trump's threats to ban Iran's oil and trade war with China have complicated the situation in South Korea," he said. "Its economy depends entirely on trade and the spread of such news, especially the US-China trade war, is very worrying and will cause losses in its economy."
After the nuclear deal, South Korea increased its import of Iranian oil, with 13.1 percent of its oil needs being supplied by Iran. Ending / 25


    Current date/time is Fri 21 Sep 2018, 5:12 am