Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

'Not easy' for South Korea to get US Iran sanctions waiver extended: official

Metals | Steel | Raw Materials

Will seaborne metallurgical coal prices rebound in 2020?


Platts Market Data – Oil

Natural Gas | Oil | Refined Products | Shipping | Marine Fuels | Tankers

Bunker and Residual Fuel Conference, 16th Annual

Natural Gas | Natural Gas (North American) | Oil | Crude Oil

Analysis: New Mexico's portion of the Permian shows staying power

'Not easy' for South Korea to get US Iran sanctions waiver extended: official

Seoul — The South Korean government expects it will be "not so easy" to get its waiver from the US' oil sanctions on Iran extended beyond May, a South Korean foreign ministry official said Friday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

South Korea's Deputy Foreign Minister Yun Kang-hyeon held meetings Thursday in Washington on Iran sanctions with Brian Hook, the US State Department's special representative for Iran, and Francis Fannon, assistant secretary at the State Department's Bureau of Energy Resources, the South Korean official said.

"We will make best efforts to get the waiver extended, but the situation seems not so easy," said the official, declining to elaborate on the outcome of the meetings.

The latest meetings comes after Yun met with Fannon in Seoul in February, when the two discussed issues including Iranian crude imports and South Korea's further diversification of crude supply sources.

South Korea's Foreign Minister Kang Kyung-wha will meet US Secretary of State Mike Pompeo later Friday in Washington ahead of President Moon Jae-in's visit to Washington on April 10.

South Korea resumed crude imports from Iran in January after a four-month hiatus. It fully suspended crude imports from Iran last September ahead of the re-imposition of US sanctions.

It is among eight countries granted a 180-day waiver by the US to the sanctions on Iran last November, enabling them to continue to import Iranian oil through May 4.

South Korea's crude imports from Iran fell 7.1% year on year to 8.44 million barrels in February, but surged more than four times from 1.958 million barrels in January, latest Korea National Oil Corp. data showed.

Over January-February, South Korea's Iranian crude imports were down 38.5% on year at 10.398 million barrels, and appeared to be all South Pars condensate, the data showed.

-- Charles Lee in Seoul,

-- Meghan Gordon in Washington,

-- Takeo Kumagai in Tokyo,

-- Edited by Wendy Wells,

Oilgram News

Platts Oilgram News brings fast-breaking global petroleum and natural gas news every day covering supply and demand trends, corporate news, government actions, exploration, technology, and much more. Click on the link below and we will set you up with a free trial.

Free Trial