Iranian crude exports to South Korea in November plunged 21.6% from October’s totals, Reuters reports.
The Middle Eastern oil exporter shipped 1.3 million tons of crude to South Korea during the month of November (316,575 barrels per day (b/d)), according to the news agency.
Exports were also down year-on-year, falling approximately 25% from the 1.73 million tons Iran shipped to South Korea in November 2016, Reuters reports.
Despite the decline in November, crude exports to South Korea are still up for the year, according to Reuters.
Iran’s exports to India also slipped in November, Reuters previously reported.
South Korea is the world’s fifth biggest crude importer, according to the news agency. It imported 12.56 million tons of crude in November.