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Friday, July 20, 2018

SOUTH KOREA BOOSTING OIL IMPORTS

South Korea increased oil consumption by 10% to 2.15 mbd in 1999, according to PIW.

GDP increased by 9.5%. Domestic oil demand is expected to grow by 7.5% to 2.3 mbd in 2000, or about the 1997 level of 2.28 mbd. Crude oil imports surged by 7% to 2.4 mbd in 1999.