ASIA

South Korea's crude imports up

South Korea's Korea National Oil Corp (KNOC) has announced that the country's crude oil imports f...

The company did not elaborate on the reason for the fall.

According to the statistics released by KNOC, domestic consumption for petroleum products were up by 3.3mmbo to 66mmbo. For the month of October, private sector holdings for crude and oil products were up by 4.2mmbo to 68.4mmbo, crude imports from Saudi Arabia went by 15.2% to 19.7mmbo and imports from the UAE went up to 12.6 from 11.3mmbo.

Furthermore, South Korea processed around 0.6mmbo of crude more than last month's 68.2mmbo whilst operating at 91% of capacity.

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