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2014-05-16 19:32:00

IRAN DOUBLES OIL

IRAN DOUBLES OIL

Iran exported 552,884 tonnes of crude to South Korea last month, or 135,088 barrels per day (bpd), compared with 274,808 tonnes a month ago, according to news agency Reuters.

South Korea took 2.2 million tonnes, or 135,982 bpd, in the first four months of this year from the Islamic republic, down 8 percent from the same period in 2013 and slightly more than the average 134,000 bpd for all of last year.

South Korea and other Asian buyers are supposed to hold their crude imports from the OPEC member at end-2013 levels, under the terms of the Geneva accord between Iran and six major powers that took effect in January…

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Tags: IRAN, OIL, KOREA, OPEC

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