S.Korea, Taiwan cut Iranian oil imports
Reuters / Reuters
22-Mar-2012

(Reuters) - South Korea cut imports of Iranian crude in the first two months of 2012 and Taiwan plans to halt its purchases from July as the two join the growing list of countries reducing imports under pressure from the United States.

The quartet of South Korea, China, India and Japan are the four biggest buyers of Iranian crude in Asia and have either made a cut in imports or pledged to do so. Iran sells most of its 2.6 million barrels per day (bpd) of exports in Asia.

FREE GUIDES AND REPORTS FROM DIANOMI ADVERTISEMENT Trade the Oil Price The oil price is moving fast. How high will it go? - 5 page report Downloa... >>>
recommended by Simorgh5555

Balatarin
Share/Save/Bookmark