south korea increases african crude oil imports
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

South Korea Increases African Crude Oil Imports

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice South Korea Increases African Crude Oil Imports

South Korea is increasingly bringing in African crude oil
Seoul - QNA

South Korea is increasingly bringing in African crude oil, as its prices have become more attractive due to competition with shale gas, refiners here said Sunday. 
Seoul imported 9.6 million barrels of African crude oil and "condensate," a type of ultra-light crude, in the first quarter of this year, according to (Yonhap) news agency. 
Annual imports of African oil have been on a steady increase in recent years, rising to 25.3 million barrels in 2014 and 26.69 million barrels in 2015 after bottoming out at 2.77 million barrels in 2011. At the current pace, this year's annual import volume may top 40 million barrels for the first time in a decade.
African oil is relatively expensive, a reason that South Korea has traditionally depended on the Middle East for crude oil supplies. 
But South Korea has stepped up efforts to diversify its oil imports amid repeated geopolitical crises in the Middle East and in search of high-quality crude. 
Among local refiners keenly interested in African oil imports are SK Innovation Co. and GS Caltex Corp. 
In particular, SK's shipments of African oil accounted for 54.5% of total imports from the continent by South Korea in the first three months this year. 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

south korea increases african crude oil imports south korea increases african crude oil imports

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

south korea increases african crude oil imports south korea increases african crude oil imports

 



GMT 10:31 2014 Tuesday ,23 December

Mirages of failure: Lebanon cannot wait

GMT 16:17 2018 Thursday ,30 August

Five Saudi women pilots granted GACA licences

GMT 05:38 2017 Tuesday ,05 September

Serious need for progress in the peace process

GMT 00:18 2017 Wednesday ,22 February

Mugabe marks 93rd birthday with faltering TV interview

GMT 12:48 2017 Tuesday ,09 May

King, Egyptian president hold talks

GMT 18:03 2017 Friday ,17 November

HH Sheikha Moza Witnesses Opening of 2017 WISE Summit

GMT 07:18 2017 Monday ,19 June

ARC Secretary General Najla Al Shamsi in Riyadh

GMT 08:18 2013 Thursday ,31 October

\'Early medication for HIV is cost-effective\'

GMT 19:23 2017 Monday ,23 January

80 Houthi Militants Killed in Airstrikes

GMT 22:44 2017 Friday ,21 July

HM King ratifies, issues 4 laws

GMT 13:34 2016 Saturday ,29 October

Biden ‘tops Clinton list for secretary of state’

GMT 20:00 2017 Saturday ,15 July

Bahrain condemns terrorist attack in Giza
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice