Korea's oil imports from Iran more than double in Q1 2016

'반갑다 이란'…1분기 이란산 원유 수입 2배 늘었다 Korea's oil imports from Iran more than doubled in the first three months of this year, after international sanctions were lifted in January. According to industry data, imports of Iranian crude oil and condensates stood at 22-point-eight-five million barrels in the January to March period, …up one-hundred-28 percent from ten million barrels a year ago. By value, Korea's oil imports from Iran jumped nearly 18 percent on-year to nearly 630 million U.S. dollars in the first quarter of the year. Industry watchers say the increase in imports was driven by condensates, which are used as feedstock for oil refining and other petrochemical industries. Visit ‘Arirang News’ Official Pages Facebook(NEWS):   / newsarirang   Homepage: http://www.arirang.com Facebook:   / arirangtv   Twitter:   / arirangworld   Instagram:   / arirangworld