Tag Archives: South Korea

The company plans to invest around 3 trillion won ($2.6 billion) in the global projects between now and 2025.

The world’s fifth-largest crude buyer imported 10.8 million tonnes of crude last month.

The new investment plan was set to meet the rising demand for LNG bunkering.

Iran is also awaiting European guarantees on the sale of Iranian oil and banking relations.

Tehran embraces expanding relations and cooperation with Seoul in different domains.

South Korean refiners and petrochemical producers suspended shipments of Iranian crude and condensate in July.

South Korea in 2017 imported roughly 30% of its total supply from Qatar.

Final oil trade data for July will be released later this month by state-run Korea National Oil Corp.

South Korea had the market share at 70% of the orderbook by cbm. followed by Japan (21%) and China (9%).

Japan’s imports of Iranian oil increased by 10 percent in June compared to the same month last year.