CORRECTED-S.Korea's Dec crude oil imports down 3.0 pct y/y - preliminary data

By Kitco News / December 31, 2017 / www.kitco.com / Article Link

(Corrects throughout to read Dec imports fell, not rose)

SEOUL, Jan 1 (Reuters) - South Korea's crude oil imports fell 3.0 percent in December from a year earlier to 96.8 million barrels, preliminary data from the Ministry of Trade, Industry and Energy showed on Monday.

Final data will be released later this month by state-run Korea National Oil Corp (KNOC).

Details of preliminary imports and previous actual figures are as follows:

(In millions of barrels)

Dec 2017 Nov 2017* Dec 2016*Crude Oil 96.894.799.8

* Actual import figures

Note: The ministry does not break down imports by country of origin. South Korea's total crude imports in November increased 3.3 percent to 94.7 million barrels year-on-year, according to KNOC data last month. (Reporting by Heekyong Yang; Editing by Kim Coghill)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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