mo4ch:>South Korea switches to Russian crude to replace banned Iranian supplies | Mo4ch News

South Korea's largest energy and chemical company, SK innovation, has boosted oil shipments from Russia and other exporters to offset Iranian condensate supplies it lost after the end of US sanction waivers.“The share of Iranian condensate was high, but that has been replaced with crude oil from Russia, Kazakhstan and Qatar and we also have been diversifying our crude sources,” the company’s chief executive, Choi Nam-kyu, told journalists on Monday, according to Reuters.Also on rt.comWinners & losers from Iranian oil sanctionsSeoul had to find new suppliers after the latest round of US sanctions against the Islamic Republic, which hit the Iranian oil sector hard. The restrictions were re-imposed by the Trump administration after Washington unilaterally withdrew from the 2015 nuclear deal between Tehran and several world powers. Since then the US has been threatening to cut Iranian crude exports to zero.Some crude importers, including China and Taiwan, India, Turkey, Greece, Ja…