WASHINGTON: South Korean government officials are expected to press for extending a sanctions waiver on Iran's petroleum exports that expires in ...
WASHINGTON: South Korean government officials are expected to press for extending a sanctions waiver on Iran's petroleum exports that expires in May on a visit to Washington this week.
Washington issued sanctions waivers for eight economies in November, including for South Korea, Iran's fourth largest oil customer in Asia. But the administration has said it wants the exports to go to zero as quickly as possible. The South Korean officials will meet with the State Department's top energy diplomat Francis Fannon on Thursday. On Wednesday they will meet with Brian Hook, the US special representative for Iran, and David Peyman, the deputy assistant secretary of state for counter threat finance and sanctions.A State Department official, who spoke on condition of anonymity, confirmed the meeting with Peyman. Officials did not immediately respond to requests for comment about the other meetings.
South Korea is a large buyer of a light oil called condensates from Iran and has told a former US official that there are few options for getting the same quality of condensate from other suppliers.
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