South Korean Au­gust oil im­ports from Iran top 55,000 bpd

Iran Daily - - Domestic Economy -

In Au­gust, South Korea im­ported 232,723 tons of Ira­nian crude, or 55,028 bar­rels per day (bpd), cus­toms data showed on Satur­day.

The data is based on cus­toms clear­ance and there could be a time dis­crep­ancy be­tween clear­ance and goods’ ar­rival, ac­cord­ing to Reuters.

South Korea’s oil im­ports from Iran dropped 41.4 per­cent to 7.15 mil­lion tons, or 215,807 bpd, dur­ing the first eight months of the year ver­sus the cor­re­spond­ing 2017 pe­riod, data shows.

South Korea, the world’s fifth-largest crude oil im­porter, brought in a to­tal of 12.62 mil­lion tons of crude in Au­gust, or 2.98 mbd, down about seven per­cent from 13.55 mil­lion a year ear­lier.

In the first eight months of the year, South Korea shipped in 99.62 mil­lion tons of crude, or 3.0 mbd, up 1.5 per­cent on the year.

State-run Korea Na­tional Oil Corp (KNOC) will re­lease fi­nal data on Au­gust crude oil im­ports later this month.

REUTERS

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