South Korea Plans to Triple Canadian Crude Imports as Saudi Share Slips
- Saudi Arabian crude accounted for 29.9% of South Korea’s crude imports from January through August, falling below 30% for the first time in five years.
- Saudi Arabia remained South Korea’s largest crude supplier, although its share declined amid efforts to diversify supplies because of Middle East risks.
- U.S. crude accounted for 20.12% of South Korea’s crude imports during the eight-month period.
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11 Articles
South Korea Plans to Triple Canadian Crude Imports as Saudi Share Slips
The share of Saudi crude in South Korea’s oil imports dipped below 30% for the first time since 2021, as the resource-poor G7 economy moved to diversify supplies amid the Middle East crisis. In the period January to August, Saudi crude oil accounted for 29.9% of total South Korean crude imports, local news agency Yonhap reported on Monday, citing data from Korea National Oil Corp. and the Korea Petroleum Association. Saudi Arabia has remained So…
On Monday, the National Oil Company and the South Korean Petroleum Association revealed that the share of crude oil imported from Saudi Arabia and the Middle Eastern countries had declined to its lowest level five years ago.
Saudi oil share in South Korea falls below 30 pc for first time
Seoul: Saudi Arabian crude oil accounted for less than 30 per cent of South Korea’s crude imports this year, industry data showed on Monday, October 5, amid efforts by local refiners to diversify their sources of crude following geopolitical risks in the Middle East. According to the data from the Korea National Oil Corp. and … Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Politics and Top Stories on WhatsApp …
Saudi crude share of S. Korea's imports falls below 30% for 1st time in 5 yrs
Saudi Arabian crude oil accounted for less than 30 percent of South Korea's crude imports this year, industry data showed Monday, amid efforts by local refiners to diversify their sources of crude following geopolitical risks in the Middle East. According to the data from the Korea National Oil Corp. and the Korea Petroleum Association, Saudi crude accounted for 29.9 percent of the country's total crude oil imports in the January-August period, …
(Seoul = Yonhap News) Reporter Cho Seong-heum = The proportion of crude oil imports from Saudi Arabia, Korea's largest crude oil supplier, has been on a downward trend throughout this year, and for the first time in five years...
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Indian Abroad News - We Bring You HomeSaudi crude share of S. Korea's imports falls below 30 pc for 1st time in 5 years
Digital Desk | Seoul, Oct 5 (IANS) Saudi Arabian crude oil accounted for less than 30 per cent of South Korea's crude imports this year, industry data showed on Monday, amid efforts by local refiners to diversify their sources of crude following geopolitical risks in the Middle East. According to the data from the Korea National Oil Corp. and the Korea Petroleum Association, Saudi crude accounted for 29.9 percent of the country's total crude o…
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