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South Korea skips Iranian oil import in August
Initial preliminary data from the Korean Customs Service confirm that South Korea did not import any shipments of Iranian crude oil during August, with total imports amounting to approximately 12.1 million tons compared to about 12.5 million tons in the previous year. The country continues to refrain from importing Iranian oil and is awaiting the final data from the Korea National Oil Corporation, which will be published later this month. South Korea is the fifth-largest oil importer in the world, and this change reflects shifting trends in its oil import policies.
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