Russia’s Rosneft quits Iran, $30B of potential joint investments / South Korea stops importing Iranian oil

[Tom Kirkman + 8,860]

Russia’s Rosneft quits Iran, $30B of potential joint investments

Russia’s largest oil producer Rosneft has decided to quit Iran and the possibility of US$30 billion worth of joint Russian-Iranian investments in oil and gas projects in the Islamic Republic. ...

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South Korea imports no Iran oil in November despite sanctions waiver

South Korea did not import any Iranian oil for the third straight month in November, customs data showed on Saturday, even though it has a waiver from sanctions targeting crude supplies from the Middle Eastern country.
South Korea and seven other countries were in early November granted temporary waivers from US sanctions that kicked in that month over Tehran’s disputed nuclear program.
But it kept imports at zero as buyers have been in talks with Iran over new contracts, with industry sources previously saying they expected arrivals to resume in late January or February.