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. (CONTINUED - 696 WORDS)