South Korea is seeking a sanctions waiver from the US to continue importing Iranian condensate, saying that it is hard to find alternative sources due to limited suppliers, a government official said Friday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now To seek waiver from the US Worried about lack of alternative condensate supply sources Has sharply reduced Iranian oil imports South Korea and the US held two rounds of consultations in June and July, and the two sides are likely to meet again for negotiations, according to an official at the Ministry of Trade, Industry and Energy. “We will request the US to grant a sanctions waiver, stressing that South Korea’s crude imports from Iran are mostly condensates,” he told S&P Global Platts, noting that it is more difficult to find alternative condensate supply sources. About 70% of Iranian crude brought into […]