S. Korean refiner loads Iranian oil cargo for delivery October 5, 2012 - 12:16 AMT PanARMENIAN.Net - South Korean refiner Hyundai Oilbank has loaded a cargo of crude in Iran for delivery later this month, a company source said on Friday, Oct 5, while a cargo for refiner SK Energy arrived this week as Seoul resumes imports following a two-month gap, Reuters reported. The north Asian country has restarted Iranian oil imports of about 6 million barrels per month, or 200,000 barrels per day (bpd) of full contracted volumes, after a way was found to get around a European Union ban on insurance cover. The cargoes are being transported under Iranian insurance cover to avoid sanctions, refining and government sources said. Among South Korea's four refiners, only SK Energy and Hyundai Oilbank import Iranian crude. Partner news  Top stories Tigran Sargsyan noted that the new plant will be constructed after the current one is finally out of operation. IFC invested $244 million in 40 projects across a range of sectors, including financial markets, manufacturing, and mining. Armenian Prime Minister addressed a letter to Public Services Regulatory Commission over the reconsideration of gas prices. Armenia’s Public Services Regulatory Commission plans to reconsider electricity generation and distribution prices.   Partner news |  Latest news 80-year-old Japanese mountaineer becomes oldest man to climb Everest  The previous age record holder was Nepal's Min Bahadur Sherchan, who accomplished the feat at 76 in 2008.Russian expert rules out Karabakh war renewal by Armenia Alexander Krylov: the possibility of the renewal of Karabakh war should not be exaggerated in the face of the balance of power.German scientists ready to include Armenian petroglyphs in UNESCO list The scientists conducted a survey of ancient rock art, with a database of Armenian petroglyphs to be later developed.OSCE Minsk Group Co-Chairs won’t visit Artsakh French Co-Chair of the OSCE Minsk Group Jacques Faure said the co-chairs are not planning a visit to Nagorno Karabakh. |
