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Korea buys Basra Light crude
07.09.2015
Data showed the Korean National Oil Company, Monday, that Seoul has bought 611 thousand barrels of crude oil to enhance the strategic reserves of which this year reached 511 thousand barrels by the end of June, while the remaining quantity will arrive no later than the end of October.
A spokesman for the company, owned by the South Korean government Cho Yang-gon, said that "the whole of Basra Light crude quantitative data confirming that came in a statement to members of parliament did more details including the vendors and prices are available."
Zhou said, "This strategic reserves are usually built of emergency in order to produce oil products and crude Iraqi Basra Light, very suitable for refining facilities South Korea."
He pointed out that "the Korean National Oil Company last year imported 545 thousand barrels of Basra Light crude also for strategic reserves" .anthy 29 / d 25
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07.09.2015
Data showed the Korean National Oil Company, Monday, that Seoul has bought 611 thousand barrels of crude oil to enhance the strategic reserves of which this year reached 511 thousand barrels by the end of June, while the remaining quantity will arrive no later than the end of October.
A spokesman for the company, owned by the South Korean government Cho Yang-gon, said that "the whole of Basra Light crude quantitative data confirming that came in a statement to members of parliament did more details including the vendors and prices are available."
Zhou said, "This strategic reserves are usually built of emergency in order to produce oil products and crude Iraqi Basra Light, very suitable for refining facilities South Korea."
He pointed out that "the Korean National Oil Company last year imported 545 thousand barrels of Basra Light crude also for strategic reserves" .anthy 29 / d 25
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