Highlights Seoul fully supports Monday’s White House decision, US foreign policies South Korean refiners capable of diversifying crude supply sources US, Qatar, Norway among many alternative condensate supply sources Seoul — The South Korean government plans to find ways to convince the US to consider extending the waiver to sanctions on Iran granted to Seoul, a senior government official said Tuesday, in a move that highlights the importance of Iranian crude oil for Asia’s fourth biggest energy consumer. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The White House announced Monday that the US will end all waivers from Iran sanctions when they expire May 2, essentially blocking Asia’s access to abundant Iranian ultra-light crude oil. However, Seoul remains hopeful that Washington may re-consider and possibly extend the waiver for South Korea to allow importing Iranian crude oil and condensate beyond May 2, a senior […]