After Lee-Milei summit, Korea to import Argentine crude next year
South Korea will begin regular imports of Argentine crude starting next year, expanding its oil supply network beyond the Middle East amid the war with Iran, Cheong Wa Dae said after the countries’ leaders met Friday. National Security Adviser Wi Sung-lac announced the agreement after talks between President Lee Jae My
PDVSA Cuts Out the Traders as Refiners Return to Venezuelan Crude
Venezuela · Energy Key Facts —Exports. Venezuela is shipping more than 1.2 million barrels per day of crude and fuel, against an average of 847,000 bpd in 2025. —Model shift. PDVSA is moving business from trading houses back to direct contracts with refiners and joint-venture partners. —The traders. Vitol and Trafigura
South Korea refiners considering imports of Venezuelan crude, association says
SEOUL, July 30 : South Korea's four refiners are considering importing Venezuelan crude oil to diversify their supply sources as conflict in the Middle East disrupts shipping through the Strait of Hormuz, an official at the Korea Petroleum Association said.GS Caltex, one of the nation's major refiners, imported 110,000
