No uncertainty:S.Korea,Japan seek to clarify Iranian waiver extension

摘要

The assistant secretary at the US State Department's Bureau for Energy Resources traveled to South Korea in the week of Feb.18 to discuss the extension of the 180-day waiver the US granted South Korea to import Iranian crude despite the resumption of sanctions early last Nov.The US has been urging South Korea to diversify its crude imports as part of a waiver extension.A senior official at the Korea Petroleum Association said,”Arbitrage economics remain highly favorable for more US crude purchases.The latest OPEC cut seems to be keeping the Dubai...complex relatively expensive.”