|S.Korea August Iran crude oil imports hit 1.97mbpd||
SEOUL (Reuters) - South Korea imported 1.97 million barrels per day of crude from Iran in August, from nothing a year earlier, while its total crude oil imports fell 12.6 percent year on year to 70.3 million barrels last month, data from state-run Korea National Oil Corp (KNOC) showed on Wednesday.
Along with China, India and other Iranian oil importers, South Korea agreed to cut purchases of oil from Iran to secure a renewed six-month waiver on U.S. sanctions aimed at restraining Iran's flow of oil money into its nuclear program.
Imports vary from month to month. South Korea's imports of Iran crude nexpectedly jumped in July from the year-earlier period.
Seoul made no Iran crude oil imports in August of last year due to European Union restrictions on shipping insurance, although imports resumed in October after finding a way round on the insurance ban.
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