Arab Today, arab today kuwait\s crude oil exports to seoul rise 279
Last Updated : GMT 08:53:10
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Kuwait\'s crude oil exports to Seoul rise 27.9%

Arab Today, arab today

Arab Today, arab today Kuwait\'s crude oil exports to Seoul rise 27.9%

Kuwait - QNA

Kuwait\'s crude oil exports to South Korea jumped 27.9% in June from a year earlier to 12.83 million barrels, or 428,000 barrels per day (bpd), (KUNA) news agency reported citing data released by the state-run Korea National Oil Corporation. As South Korea\'s No. 2 supplier, Kuwait provided 16.3% of the Asian nation\'s total crude oil imports in June, compared to a 13.2% share in the same month of 2011 and 16.1% in May. Overall South Korea\'s crude oil imports last month increased 3.4% year-on-year to 78.57 million barrels (2.62 million bpd). South Korea, with its heavy industrial base, is the world\'s fifth-biggest oil importer.

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