15 August 2018, Seoul — South Korea imported 788,651 tonnes of crude oil from Iran in July, down 43.5 percent from a year ago, preliminary data from Korea Customs Service showed on Wednesday.
That is equivalent to 5.8 million barrels, according to a Reuters calculation.
The world’s fifth-largest crude buyer imported a total 12.9 million tonnes of crude last month against 12.4 million tonnes imported a year ago, the data also showed.
Final data for South Korea’s crude oil imports last month will be published by state-run Korea National Oil Corp (KNOC) later the month.
The KNOC data is considered the industry standard for South Korea’s oil imports.