Hyundai Oilbank Co., a major South Korean refiner, plans to
import 2 million barrels of Iranian condensate this month,' Yonhap News Agency
quoted an informed source as saying.
'It would be Hyundai Oilbank's first imports of ultralight
crude since September, two months before the United States imposed the most
biting sanctions ever on Iran, 'Korean media added.
Meanwhile, Yonhap quoted an official in Total company as
saying, 'Hanwha Total Petrochemical Co., a 50-50 joint-venture between Hanwha
General Chemical Co. and French energy giant Total, also plan to import
condensate from Iran in February.'
US President Trump announced on May 8, 2018 the withdrawal
from the JCPOA, which was condemned by other parties to the 2015 agreement and
their emphasis to stay in the landmark international deal, IRNA wrote.
In November 2018, US granted exemptions to eight countries
including South Korea to import Iran oil.
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