"The South Korean embassy in Tehran rejects all claims that (Seoul’s) loading of
Iranian oil and condensate in July has been suspended. We are in talks to seek
an exemption from US curbs on buying Iranian oil,” the embassy said in a tweet
on Saturday.
It came after media reports said South Korea had canceled July loadings of crude
and condensate cargoes from Iran as it was uncertain whether the country would
receive an exemption from US sanctions on Iran trade.
The United States in May said it was walking away from the 2015 nuclear deal
between Tehran and world powers. In late June, it demanded its allies halt all
imports of Iranian oil from November and said exemptions were unlikely.
South Korean refiners have since curtailed their Iranian oil purchases and
turned to alternative sources such as American and African crude due to
expensive Middle East grades and uncertainty over trade with Iran.
South Korean buyers of Iranian crude and condensate are SK Energy and SK Incheon
Petrochemical, owned by SK Innovation, Hyundai Oilbank Corp and Hanwha Total
Petrochemical Co.
Source: Tasnim