Iran Economy NewsSouth Korea takes on more Iranian crude

South Korea takes on more Iranian crude

-

UPI: The South Korean government said Tuesday its February imports of Iranian oil more than doubled year-on-year to 8.1 million barrels. Iran secured relief from some international sanctions in exchange for agreeing in November to curb some of its nuclear research activity.

 

South Korea takes on more Iranian crude oil in February.

United Press International

By Daniel J. Graeber

The South Korean government said Tuesday its February imports of Iranian oil more than doubled year-on-year to 8.1 million barrels.

Iran secured relief from some international sanctions in exchange for agreeing in November to curb some of its nuclear research activity. The U.S. government said oil restrictions remain in place, though Iranian customers can secure relief from sanctions if they show a decline in crude oil purchases.

South Korea secured a six-month extension to the sanctions waiver in November.

Data published Tuesday by the state-run Korea National Oil Corp. show imports of Iranian crude oil doubled last month when compared with February 2013.

Year-on-year, South Korean imports of Iranian crude declined in January by 66 percent and by 34 percent in December.

Iran has touted its investment potential since brokering an interim nuclear deal with Western powers in November. Representatives from French energy company Total were among delegates who visited Tehran in early February as part of a French trade mission.

Latest news

Iran’s New Generation Seeks Nothing but Regime Change

In a silly and desperate statement, the Iranian regime’s foreign minister Hossein Amir-Abdollahian claimed that nothing special is going...

Iran’s Youths Broke the Spell of Fear

One of the main characteristics of the recent protests in Iran is the courage and fearlessness of the people,...

Iran Is on the Brink of a Revolution

The wall of fear has been broken. In many cities across Iran, women are taking to the streets, leading...

Iran’s Regime Claims To Fill Global Energy Gap Despite Crippled Petroleum Sector

In recent weeks, the Iranian regime’s officials have been constantly exaggerating their huge capacity in oil and gas reserves...

What Is Happening in Iran?

Following the brutal killing of Masha Amini, the Iranian people have once again united to fight and defeat the...

Iran Regime’s Ministry of Culture’s Decision To Eliminate Children’s Intellectual Centers

With the so-called ‘Cultural Revolution’ which took place between 1980 and 1983, the Iranian regime tried to purge the...

Must read

Ex-Iran president’s son returns from exile, faces charges

Reuters: The son of former Iranian president Akbar Hashemi...

Iran to test 2,000-pound bomb, defense minister says

Bloomberg: Iran will test a precision-guided, 2,000-pound (907-kilogram) bomb...

You might also likeRELATED
Recommended to you