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Kuwait Crude Oil Exports to S. Korea Down 20.6%  Join our daily free Newsletter

MENAFN - Qatar News Agency - 31/12/2013

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(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.

 






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