(MENAFN- Qatar News Agency) Kuwait's crude oil exports to South Korea in November fell 20.6% from a year earlier to 11.16 million barrels, or 372,000 barrels per day (bpd), latest data released by the state-run Korea National Oil Corporation showed.
As South Korea's No. 2 supplier, Kuwait provided 14.7% of South Korea's total crude oil imports last month
In the January-November period, Kuwait increased sales to the world's fifth-largest crude importer by 3.1% year-on-year to 129.11 million barrels (387,000 bpd), according to Kuwait (KUNA) News Agency
Overall South Korea's crude oil imports in November slid 5.5% on the year to 75.81 million barrels about (2.53 million bpd)
Saudi Arabia remained its top crude supplier, although imports from the kingdom shrank 8.4% from a year earlier to 784,000 bpd
The United Arab Emirates ranked third with 346,000 bpd, up 44.2%, followed by Qatar and Iran
During their talks in Seoul in September, Kuwaiti Deputy Prime Minister and Minister of Oil Mustafa Al-Shimali and South Korean Minister of Trade, Industry and Energy Yoon Sang-jick agreed to expand bilateral energy cooperation between the two countries beyond crude oil trading, such as refinery and petrochemical projects.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.