SEOUL: South Korea's imports of Iranian crude oil dropped 50 percent in February from a year earlier, and the country's oil shipments from the OPEC country in the first two months of this year met international sanction requirements.
Seoul imported 557,174 tons of crude oil from Tehran last month, or 145,860 barrels per day (bpd), compared with 1.1 million tonnes a year ago, preliminary customs data from the world's fifth-largest crude oil importer showed on Sunday.
The world's fifth-largest crude importer brought 830,800 tons or 103,216 bpd of crude from the Middle Eastern country in the first two months of this year, below last year's average at 125,000 (bpd).
Iranian crude shipments in 2014 were 6.2 million tons, or 124,497 bpd, down 7.1 percent from the 2013 average of 134,000 bpd, according to the data and Reuters calculations in January.
http://www.arabnews.com/economy/news/718741
