• South Korean crude and condensate imports from the Middle East hit an all-time high of 2.53mn b/d in the third quarter this year as the country’s top two suppliers, Saudi Arabia and Kuwait, competed fiercely for market share with a resurgent Iran.
• Volumes from Iran have soared since international sanctions were lifted in January this year. They hit 293,000 b/d in Q3, the highest quarterly total since 2008; for September they rose to a record monthly figure of 361,000 b/d. Recent shipments have included substantial volumes of condensate as well as crude. (CONTINUED - 332 WORDS)
