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Algerian oil exports to South Korea rise by 47%

June 30, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
Algerian oil exports to South Korea rise by 47%

Algerian crude oil exports to South Korea increased by 47.1% year-on-year in May 2026, reaching 3.64 million barrels, and surged by 263.3% compared to April, indicating a growing Korean demand for Algerian crude as Seoul seeks to diversify its oil supply sources. Data from the Korea National Oil Corporation (KNOC) showed that South Korea's imports of Algerian oil reached 9.31 million barrels during the first five months of 2026, an increase of 43.6% compared to the same period in 2025, which recorded 6.5 million barrels. Read the full content on الشروق أونلاين.

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