South Korea to import Argentine crude from 2027 after trial shipments

AI Summary

South Korea plans to start importing Argentine crude oil from 2027 after successful trial shipments and testing by domestic refining and petrochemical firms. This move aims to diversify South Korea's crude supply sources beyond the Persian Gulf region.

South Korea plans to begin importing crude oil from Argentina in 2027, after several domestic refining and petrochemical companies completed trial shipments and feedstock testing, paving the way for the country to further diversify its supply sources beyond the Persian Gulf, according to multiple government ministries and industry sources over Aug. 4-11. Following a summit ...