Arab Today, arab today s korea to seek exemption from iran oil
Last Updated : GMT 11:10:17
Arab Today, arab today
Arab Today, arab today

S. Korea to seek exemption from Iran oil

Arab Today, arab today

Arab Today, arab today S. Korea to seek exemption from Iran oil

Seoul - AFP

South Korea will seek an exemption from new US sanctions that will further restrict Iran\'s crucial crude oil exports, a senior Seoul official said Friday. \"This is a matter of serious concern for us,\" the official told AFP on condition of anonymity, noting that Iran is a key supplier of crude to South Korea. In the first 11 months to November last year, South Korea imported 8.16 million barrels of crude from Iran, amounting to 9.6 percent of its total crude imports. \"We cannot afford to lose this important source of oil and we have to get an exemption from the implementation of the sanctions,\" the official said. The new US sanctions are directed at Iran\'s central bank, which processes most of its oil sales. They will effectively make foreign firms choose between doing business with the Islamic republic or the United States. But the bill gives President Barack Obama some wiggle room, allowing him to grant 120-day waivers for institutions in a country that significantly cuts its other transactions with Iran. \"Through a significant reduction in transactions with Iran, we want to be granted an exemption. We need talks with the United States to decide what may constitute a significant reduction,\" the official said. He said talks would start after the United States and other countries discuss coordination over the new sanctions. Highly industrialised South Korea, which imports all its crude, is a close ally of the United States, which bases 28,500 troops in the country. Seoul last month added more than 100 names to a financial blacklist of Iranian firms and individuals, joining a fresh multinational effort to press Iran to scrap its suspected nuclear weapons programme. But it did not announce a ban on imports of petrochemicals or crude oil. \"We are working toward minimising the negative impacts that (the US sanctions against Iran) could have on our economy,\" foreign ministry spokesman Cho Byung-Jae said Tuesday. \"We are in talks with the United States regarding the issue.\" Kurt Campbell, the US State Department\'s top Asia official, Thursday admitted that the bill was a source of some concern in South Korea. \"This new legislative provision creates some anxieties in South Korea. We understand this and we\'re committed to close coordination, cooperation with South Korea going forward on this matter,\" he told journalists.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today s korea to seek exemption from iran oil Arab Today, arab today s korea to seek exemption from iran oil

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today s korea to seek exemption from iran oil Arab Today, arab today s korea to seek exemption from iran oil

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday