Bloomberg News

South Korea’s January Crude Imports Fall 5.2% By Volume

February 01, 2012

Feb. 1 (Bloomberg) -- South Korea’s imports of crude oil dropped 5.2 percent to 79.9 million barrels in January from 84.3 million barrels a year earlier, according to the Ministry of Knowledge Economy.

The country’s crude import bill gained 18 percent to $9 billion in January after prices rose 24 percent to $112.8 a barrel, the ministry said.

--Editors: Shinhye Kang, Seyoon Kim

To contact the reporter on this story: Sangim Han in Seoul at sihan@bloomberg.net

To contact the editor responsible for this story: Amit Prakash at aprakash1@bloomberg.net


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