Iran Exports: Korea Restart Amid French Euro-Hope

South Korea imported Iranian barrels in January for the first time since August with arrivals of 227,941 tons, latest official data from Korea Customs show.

The volumes equate to 1.94mn barrels, or 62,500 b/d, presuming all is condensate. This is almost certainly the case given both reported loadings and that the ‘waiver’ granted by the US to South Korea to continue buying Iranian oil specifies condensate only.

SK Innovation, which operates a 100,000 b/d condensate splitter at the port city of Inchon, just west of Seoul, is thought to be both the buyer of these volumes and a further 160,000 ton cargo of Iranian condensate which unloaded from the Sana tanker at Inchon on 2 February, shipping data and Reuters reports indicate. (CONTINUED - 696 WORDS)

DATA INSIDE THIS ARTICLE

table Imports Of Iranian Crude & Condensate ('000 B/D): Volumes Edge Up In December; 2018 Down 580,000 B/D On 2017