SKorea’s Iran crude imports for April down 44.4 pct y/y

SEOUL, May 22:   South Korea imported 4.18 million barrels of crude from Iran in April, down 44.4 percent from a year ago, official data showed on Wednesday a few days ahead of talks with Washington on extending Seoul’s waiver for U.S. sanctions on Tehran.

The country’s crude imports from Iran last month rose 4 percent compared with that of March, according to data from the state-run Korea National Oil Corp.

The Iranian imports were below expectations of about  190,000 barrels per day – or 5.7 million barrels for the month – according to a preliminary loading programme obtained by Reuters.

The fifth-largest crude buyer imported a total 69.12  million barrels of crude last month, down 5.6 percent year on year, the data also showed.

(AGENCIES)

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