US to Give Eight Nations Oil Waivers for Iran Sanctions
The US has granted eight Iranian oil importers temporary waivers from the sanctions set to be imposed upon the country’s energy sector on November 5.
South Korea | Egypt Oil & Gas - Part 2
South Korea Imports of Iranian Crude Fall 86.5% YOY
South Korea’s imports of Iranian crude plummeted 86.5% year-on-year (YOY) in August, in anticipation of US sanctions set to take full effect in November.
South Korean KEPCO Shortlisted for Saudi Nuclear Tender
State-run Korean Electric Power Corp (KEPCO) is among companies shortlisted to bid for a nuclear project in Saudi Arabia.
Kuwait Oil Tanker Company Agrees $167M Deal with Hyundai
Kuwait Oil Tanker Company has agreed a $167.6 million deal with South Korean shipbuilding firm Hyundai Mipo Dockyard for the construction of four petroleum tankers.
South Korean Imports from Iran Fall in March
South Korean imports of Iranian crude oil dropped by 39.3% year-on-year (Y.o.Y) in March 2018, the county’s customs data showed.
Asian Imports of Iranian Oil Hit Two-Month Low
China, India, Japan, and South Korea imported a total of 1.63 million barrels per day (mb/d) in February, the lowest levels since December and a 20% decline from February 2017.
Saudi Aramco Cuts Asian Allocations
To meet its self-imposed export cuts in November, Saudi Arabia is cutting crude oil shipments to customers in Asia.
Iranian Exports to Asia Rise but Remain Below 2016 Levels
Iranian crude exports to Asia rose in August for the second month in a row but remained well below export levels for August 2016.
Iranian Crude Exports to S Korea Rise 40.2%
South Korea’s crude imports from Iran and Saudi Arabia rose in August.
