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Korea resumes Russian naphtha imports
LG Chem imported 27,000 tons of Russian naphtha to ease feedstock shortages amid Middle East supply disruptions, accounting for nearly 30% of South Korea's pre-sanction imports.
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4 Articles
South Korea Revives Naphtha Imports From Russia Amid Looming Shortage
South Korea has purchased Russian naphtha for the first time in four years as disruptions linked to the effective closure of the Strait of Hormuz force refiners to seek alternative supplies.
Korea resumes Russian naphtha imports
Korea resumed importing naphtha from Russia through a legal route Monday, four years after Western sanctions halted the Asian country's purchases of the key petrochemical feedstock from the world's largest nation. According to industry officials, LG Chem succeeded that day in bringing in 27,000 tons of Russian naphtha to Korea, which is expected to be used at one of the company’s naphtha cracking centers (NCCs) in Seosan, South Chungcheong Provi…
LG Chem bought almost 30,000 tons of Russian oil due to the deficit due to the situation in the Middle East
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