IRAN

 

KNOC Reports Increased Iranian Oil Imports For April

South Korea’s KNOC announced on 29 May that it increased its imports from Iran in April to 250,000 b/d compared to its March intake of 155,000 b/d. Data also indicated a 42% increase for April 2012 compared with the same month last year, although quarterly data suggest Korea is falling in line with the US/EU boycott on imports from Iran. During 1Q12 South Korea’s Iranian imports averaged...