Seoul is reducing its dependence on Saudi oil; Riyadh's share was below 30%

Seoul is reducing its dependence on Saudi oil; Riyadh's share was below 30%

🔹 The Yonhap news agency, citing the reports of the National Oil Company of South Korea and the Petroleum Association of this country, announced that Saudi Arabia's crude oil accounted for 29.9% of the country's total crude oil imports in the period from January to August, down from 30.91% the previous month.

This is the first time in the last five years that the share of Saudi Arabia's oil imports to this East Asian country falls below 30%; The country that is the largest source of South Korea's crude oil.

Irna Jahan