Economics
Iranian Oil Heads to Korea After Months of Trump-Induced Lockout
- Vessel Silvia I headed to S. Korea after loading Iranian oil
- SK Innovation seen receiving South Pars condensate in January
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A major Iranian oil buyer that shut out supplies last year even before U.S. sanctions on the Persian Gulf state took effect is finally set to receive cargoes once again.
National Iranian Tanker Co.’s Silvia I is expected to reach South Korea -- Tehran’s third-biggest customer before it stopped purchases in August -- on Jan. 15, according to vessel-tracking data compiled by Bloomberg. The cargo could be the first of at least 14 million barrels from the Islamic Republic that will reach the nation’s shores through April.