South Korea poised to halt Iran oil imports from July

• Tuesday, 22nd May 2012
• by Egypt Oil & Gas

South Korea will effectively become the first of Iran’s major Asian customers to halt oil purchases from July 1, when a European Union insurance ban will prevent further imports. South Korea’s largest oil ...

South Korea frets as U.S. ups oil pressure on Iran

• Tuesday, 17th January 2012
• by Egypt Oil & Gas

South Korea, a key U.S. ally, warned the United States on Tuesday it would be difficult to replace Iranian crude supplies and expressed concern that sanctions pressure could lead to higher oil prices. Washington wants...

South Korean PM in Oman to discuss oil

• Sunday, 15th January 2012
• by Egypt Oil & Gas

South Korean Prime Minister Kim Hwang-sik has arrived in Oman to ‘discuss energy issues,’ as the country seeks to lower its dependence on Iranian oil in the face of tightening US sanctions. Kim arrived in ...