Iraq ranks 3rd among top crude suppliers to South Korea in December–KNOC

Shafaq News/ Iraq was the third-largest crude oil supplier to South Korea in December, according to data from the Korea National Oil Corporation (KNOC).

In a statement, KNOC reported that South Korea imported a record volume of US crude in 2024 and plans to continue sourcing barrels from North America throughout 2025 to optimize refining economics, particularly amid rising prices for Middle Eastern sour crude.

Saudi Arabia remained South Korea’s top supplier last month, shipping 31.664 million barrels, followed by the United States with 12.143 million barrels.

Iraq ranked third with 9.319 million barrels, reflecting a 19.4% increase from October's 7.805 million barrels and an 18.2% rise from December 2023's 7.884 million barrels.

The UAE followed in fourth place with 9.018 million barrels, while Kuwait ranked fifth with 5.794 million barrels.