Friday, Aug 17, 2012

 

   By Min-Jeong Lee 

 

SEOUL--SK Innovation Co. (096770.SE), which owns South Korea's largest oil refiner, SK Energy, expects crude shipments from Iran to resume around September, a spokesman for the company said Friday.

The company is currently negotiating details with related Iranian companies, he said.

Last month, an official at Hyundai Oilbank told Dow Jones Newswires that the company plans to resume Iranian oil imports as early as September.

Hyundai Oilbank and SK Energy imported crude from Iran until EU sanctions cut off insurance services for tankers importing Iranian crude from July.

Seoul has been in talks with Tehran about using Iranian tankers to ship crude instead.

Write to Min-Jeong Lee at min-jeong.lee@dowjones.com

(END) Dow Jones Newswires

17-08-12 0743GMT