for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

CORRECTED-UPDATE 1-S.Korea's Iran crude imports for May more than double on year

(Corrects bpd conversion in paragraph 3 to 244,917, not 1.2
mln)
    * Iran May crude imports 1.26 mln tonnes vs 541,510 year
earlier
    * Jan-May oil imports from Iran more than double from year
before
    * Total crude imports in May down 4 pct

    By Nataly Pak and Jee Heun Kahng
    SEOUL, June 15 (Reuters) - South Korea's imports of Iranian
crude oil jumped around 130 percent in May from the same month a
year ago, extending gains after international sanctions were
lifted in January on Iran's disputed nuclear programme.
    Seoul brought in 1.26 million tonnes of Iranian crude oil
last month, or 297,625 barrels per day (bpd), compared with
541,510 tonnes imported a year ago, customs data showed.
    In the first five months of the year, the world's
fifth-largest crude importer shipped in 5.08 million tonnes, or
244,917 bpd, of crude from the Middle Eastern country, versus
2.46 million tonnes in the same period in 2015, according to the
data.
    Iran, which is seeking to make up for lost trade following
the lifting of sanctions imposed in 2011 and 2012 over its
nuclear programme, has emerged as OPEC's fastest source of
supply growth this year, the International Energy Agency said on
Tuesday. 
    Overall, South Korea imported 12.43 million tonnes of crude
last month, or 2.94 million bpd. The total was 4 percent lower
than the 13 million tonnes imported in May of 2015, the customs
data showed.
    Final data for South Korea's crude oil imports last month
will be published by state-run Korea National Oil Corp (KNOC)
later the month. The KNOC data is considered the industry
standard for South Korea's oil imports.

 (Reporting by Jee Heun Kahng and Nataly Pak; Editing by Joseph
Radford)
for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up