Moody’s: the reduction of imports of Iranian oil refining companies may be detrimental in South Korea


Warned Moody’s credit rating, said Thursday that the possible reduction of oil importsfrom Iran would cause damage to the interests of the refining companies operating inSouth Korea, because it will lead to the high value of the costs incurred.

According to the news agency “Yonhap” that South Korea is currently studying the possibility of reducing its dependence on Iranian oil to coincide with the U.S. sanctionsimposed against Iran’s nuclear program.

  • David

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