SearchS.Korea's Iran crude imports jump over 67 pct y/y in April

S.Korea's Iran crude imports jump over 67 pct y/y in April ... 16/05/2016 Import-Export

Keywords:#2015, #Asia, #IRNA, #Iran, #Iranian, #Iraqi, #Korea, #Middle_Eastern, #Park_Geun-hye, #President, #Reuters,, #Rouhani, #S.Korea, #Saudi, #Seoul, #South_Korea, #South_Korean, #Tehran

* Iran April crude imports up 67 pct y/y
* Jan-April oil imports from Iran up 99 pct y/y
* Total crude imports in April 12 mln T, up 13 pct y/y
Iran’s President Rouhani welcomes his visiting South Korean counterpart Park Geun-hye at Sa’adabad Palace in Tehran on May, 2, 2016. (Photo by IRNA)

* * * SEOUL, May 15 South Korea's imports of Iranian
crude oil jumped 67 percent in April from the same month a year
earlier, soaring after international sanctions were lifted on
Iran's disputed nuclear programme.
Seoul brought in 863,557 tonnes of Iranian crude oil last
month, or 210,996 barrels per day (bpd), compared with 516,918
tonnes a year ago, the data showed.
In the first four months of the year, the world's
fifth-largest crude importer shipped in 3,820,054 tonnes, or
933,367 bpd, of crude from the Middle Eastern country, versus
1,918,056 tonnes in the same period in 2015, according to the
Iran has set its June official selling prices (OSPs) for
heavier crude grades it sells to Asia at the biggest discounts
to Saudi and Iraqi oil since 2007-2008, raising the stakes in
its fight to regain market share.
Iran has increased production and exports more quickly than
expected. Output has reached some 3.56 million bpd, up 300,000
bpd and the highest since late 2011, prior to the introduction
of sanctions, the IEA said.
Overall, South Korea shipped in nearly 12 million tonnes of
crude last month, or 2.93 million bpd. The total was 13 percent
higher than the 10.59 million tonnes imported in April of 2015,
the customs data showed.
Final data for last month's crude oil imports will be
released by state-run Korea National Oil Corp later this month.
(Reporting by Rebecca Jang; Editing by Joseph Radford)
--- ---

Read more from Source »

Related articles based on keyword density
GLOBAL TOP 1000 WEBSITES 2016 – Ratak IT... 16/03/2017 News
Ratak introduces global Top Websites of 2016 Data for table Top201702 1,Abarkooh,Armenia,Bahram 2,Bahram 3,Britain,Caesar,Carus,...View Details»

South Korean President Park Geun-hye in Tehran, Iran prepared to attra... 02/05/2016 News
Iran prepared to attract foreign investment: Rouhani Iran’s President Rouhani welcomes his visiting South Korean counterpart Park Geun-hye at Sa’adab...View Details»

Global “Elders” urge Iran to build on nuclear deal - The Washington Po... 28/01/2014 Politics
TEHRAN, Iran — The former head of the United Nations urged Iran Monday to build on a historic deal reached with world powers in November and work towa...View Details»

Media Scam? Iran and America Join Hands in Waging “The Global War on T... 01/07/2014 Politics
By Prof Michel Chossudovsky Global Research, June 21, 2014 Following the incursion of jihadist rebels of the Islamic State of Iraq and the Levant (IS...View Details»

S.Korea's March Iran crude imports surge; Jan-March drop y/y -customs|... 15/04/2015 Import-Export
* Iran crude imports in March at 570,338 T, up 107.5 pct * Jan-March Iran oil imports at 114,115 bpd, down 16 pct * Jan-March Iran oil imports below ...View Details»