Iran’s Oil Exports to South Korea Down by 9% in Oct.: Report

TEHRAN (Tasnim) – Iran’s oil exports to South Korea witnessed a 9.5 percent decrease in October from the previous month, a report said.

صادرات نفت سکوی خارک پالایشگاه نفتکش

South Korea imported 1.65 million tons of Iranian crude in October, or 390,675 barrels per day (bpd), customs data showed on Wednesday, Reuters reported.

That is a 9.5-percent decline from 1.83 million tons in September, but still up nearly 83 percent from last year.

Iran is South Korea’s main supplier of ultra-light oil, also known as condensate, but the data does not provide a breakdown of imports.

The drop in Iran’s oil exports to South Korea comes amid ongoing efforts by the country to ramp up its oil output since anti-Tehran sanctions were lifted last year in a bid to recoup its lost market share.

Over January-October this year, oil shipments from Iran jumped 46.5 percent to about 15.7 million tons, or 378,447 bpd, versus 10.72 million tons during the same period a year ago, according to the customs data.

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