S. Korea Raises Oil Imports from Iran, Russia

Seoul’s January imports stood on average at 670,000b/d, down 2% year-on-year.

Saudi Arabia supplied 110,000b/d during the month to South Korea which is nearly 13% lower from last year’s January.

But Iran exported 210,000b/d during January to South Korea which is 145,000 barrel/day higher than the same month last year.

Furthermore, imports from Russia rose by 50,000b/d to reach 165,000b/d.

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