South Korean crude oil import from up by 98.8pct in October 2015
Data from state-run Korea National Oil Corp (KNOC) said that South Korea’s crude oil imports from Iran rose 98.8 percent in October from a year earlier, while its total crude oil imports rose 12.6 percent year on year to 83.9 million barrels last month.
For earlier story on South Korea’s Iranian crude oil imports in October, based upon the country’s customs data:
(in 1,000 barrels unless specified)
Oct 2015 Sept 2015 Oct 2014 Crude oil imports 83,874 78,140 74,473 (1,000 b/d) 2,706 2,605 2,402 Oil product domestic demand 73,201 69,110 68,886 (1,000 b/d) 2,361 2,304 2,222 Crude runs 83,064 80,352 77,814 Oil product output 91,851 88,842 88,970 (1,000 b/d) 2,963 2,961 2,870 End-month private oil stocks 86,989 87,532 85,311 Crude oil stocks 30,611 29,931 26,041 Oil product stocks 48,527 50,504 52,124 Oil product exports 40,220 41,835 41,491 Oil product imports 27,638 28,283 29,271 Operation Rate(%) 88.2 88.1 82.6
Source : Reuters