S. Korea receives first Iranian oil cargo in 4 mths - data

NITC tanker Silvia 1 discharged close to 1 million barrels of condensate, a light oil typically produced in association with natural gas, on Jan. 19 at Incheon port, it showed REUTERS  |  January 21, 2019, 08:40 IST
S. Korea receives first Iranian oil cargo in 4 mths - data SINGAPORE/SEOUL: South Korea received on Saturday its first Iranian oil cargo in six months, data on Refinitiv Eikon showed on Monday

NITC tanker Silvia 1 discharged close to 1 million barrels of condensate, a light oil typically produced in association with natural gas, on Jan. 19 at Incheon port, it showed

Another NITC tanker Sana carrying the same volume of condensate is expected to arrive in South Korea on Jan. 31, according to Refinitiv data

The cargo marks the first Iranian oil import by South Korea in four months after the world's fifth-largest oil buyer halted imports before the U.S. reimposed sanctions on Iran in November

South Korean buyers of Iranian crude and condensate include SK Energy and SK Incheon Petrochemical, owned by SK Innovation, Hyundai Oilbank Corp and Hanwha Total Petrochemical Co