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USA-IRAN/KOREA
RTR3D40P
29 Jan. 2013
A plant of Samsung Total Petrochemicals is seen in... more
USA-IRAN/KOREA
RTR3D40P
29 Jan. 2013
SEOSAN, South Korea
A plant of Samsung Total Petrochemicals is seen in Seosan, about 150 km (93 miles) south of Seoul January 29, 2013. The United States played down on Monday a company's purchase of Iranian oil in South Korea, saying the American ally shares the objective of keeping pressure on Tehran over its nuclear program through sanctions. Samsung Total Petrochemicals, a joint venture between South Korea's Samsung Group and French energy giant Total, bought Iranian condensate because thin profit margins in plastics production make inexpensive fuel from the Islamic Republic hard to resist, people familiar with the deal said last week. REUTERS/Lee Jae-Won (SOUTH KOREA - Tags: BUSINESS POLITICS ENERGY TPX IMAGES OF THE DAY)
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