South Korea increased its import of crude oil from Iran by 83.4 percent during the month of October.
According to Reuters, the South Korean “oil shipments from Iran rose 83.4 percent in October from a year ago, helping the imports in the first ten months of 2015 up 0.4 percent, although the 10-month purchase still met sanction requirements over Tehrans nuclear programme.
The worlds fifth-largest crude importer brought 519,620 tonnes of Iranian crude in October, or 122,865 barrels per day (bpd), compared with 283,287 tonnes, a year ago, preliminary data from its customs office showed on Sunday.
The Sunday customs data showed Seoul bought 5.10 million tonnes, or 123,056 bpd, of crude from Tehran in January-October, up 0.4 percent from 5.08 million tonnes in the same period in 2014 but still below last years import average as the sanctions on Tehran restrict to import no higher than last years levels.
Source: IRNA- Date: (18 November 2015)