South Korea’s Iran oil imports plunge 40%

摘要

Seoul—South Korea’s imports of Iranian crudeoil in May plunged 39.5% year on year to 3.96million barrels and are expected to fall further inJune as two importers—refiners SK Innovationand Hyundai Oilbank—have virtually suspendedshipments from Iran following tougher EU sanc-tions that take effect on July 1, state-run KoreaNational Oil Corporation said June 25.May imports were also down 47.3% in April.Sources at South Korean shipping com-panies SK Shipping and Hyundai MerchantMarine June 15 said they are suspendingshipments of Iranian crude due to impendingEU sanctions against Iran that ban insurancecover for tankers carrying Iranian crude.