IRAN

 

South Korea Considers Offer To Use NITC Tankers For Imports

South Korean oil importers Hyundai Oilbank and SK Innovation have received an offer from Tehran to utilize the fleet of the National Iranian Tanker Company (NITC) to restart shipments, Dow Jones reported on 18 July. Seoul halted oil imports from Iran in line with an EU ban on the provision of re-insurance for tankers carrying Iranian oil, which took effect on 1 July (MEES, 2 July). Instead, the...