South Korea increases crude oil imports on the Iranian issue

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Source: Commodityonline

South Korea crude oil imports increased by 2.7% to 79.8 million barrels last month as country wanted to limit risk of the fears over the possible oil export disruption from Iran. Natural gas imports also increased by 91% to $4.33 billion. The country seeks exceptions in the National Defense Authorization Act that aims to impose sanctions against the Iran oil trade.

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