South Korea’s oil imports from Iran during the first 11 months of 2017 increased 36.5% to nearly 17 million tons, or 372,890 bpd, compared with 12.45 million tons over the same period of last year, according to the customs data.

The chairman of the Iran-Oman Joint Chamber of Commerce announced that a new shipping route between Iran’s Khorramshahr Port and Oman’s Sohar Port is scheduled to be launched on December 30.

Iran produced 3.83 million barrels per day (bpd) of oil during the third quarter of 2017, with a 20,000 bpd increase from 3.81 million bpd in its previous quarter, according to the latest statistics released by U.S. Energy Information Administration (EIA).