S. Korea's oil imports from Iran rise in April

15 May, 2019
Source: Reuters

South Korea’s Iranian oil imports rose 17% in April from a year earlier, customs data showed on Wednesday, but shipments are set to end from May as waivers on U.S. sanctions on Tehran expired at the start of this month.

South Korea in April imported 1.45 million tonnes of crude oil from Iran, or 353,223 barrels per day (bpd), compared to 1.24 million tonnes a year earlier, according to customs data.

For the January-April period, the country’s imports of Iranian crude dropped by 17.4% to 3.87 million tonnes, or 235,533 bpd, versus nearly 4.7 million tonnes in the same period last year, the data showed.

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