South Korea is the world’s fifth-largest crude oil importer and sixth-largest oil refining country. In June 2012, South Korea suspended all oil imports from Iran in response to a European Union insurance ban on tankers carrying Iranian crude oil.[1] South Korea subsequently obtained a waiver and resumed importing Iranian crude oil. However, the average annual volume of crude oil purchased by South Korea from Iran during the period 2012-2015 was 40% lower than in 2011.
When U.S. and European nuclear-related sanctions against Iran took effect in 2011, India was compelled to reduce its crude oil imports from Iran and to diversify its sources of supply.[1] As a result, the country’s crude oil imports from Iran dropped by 1.33% and 37.81% in 2012 and 2013, respectively.
Monday Briefing: After Turkey's Failed Coup, How Far Will the Crackdown Go?
In this week’s Monday Briefing, MEI expert W. Robert Pearson provides analysis on the failed coup in Turkey and the impending crackdown on opposition. Marvin Weinbaum considers whether the unpopularity of Pakistan’s government could put it at risk of a military coup of its own. And Charles Lister looks at how ISIS is adapting in the face of territorial losses in Iraq and Syria.
Monday Briefing: Chilcot Report, French FM in Lebanon, Iran Economy
In this week’s Monday Briefing, MEI experts Daniel Serwer, Alex Vatanka, and Paul Salem provide analysis on recent and upcoming events including the recent Chilcot Report, European trade delegations visit to Iran, and France’s push to end the Lebanon stalemate.
Weekly Briefing: Baghdad Bombing, NATO Summit, Israel’s Africa Outreach, and Saudi Embassy Trial in Iran
In this week’s briefing, MEI experts Hassan Mneimneh, Daniel Serwer, Paul Scham, and Alex Vatanka provide analysis on recent and upcoming events including the ISIS bombing in Baghdad, this week’s NATO summit in Warsaw, Israel’s outreach to Africa, and the trial in Iran over the ransacking of the Saudi embassy.
In 2011, China purchased 550,000 b/d, or 11% of its total crude oil imports, from Iran. However, the next year, China’s crude oil imports from Iran plummeted by 20% due to the imposition of nuclear-related sanctions on Iran by the U.S. and European countries. In 2012 and 2013 China’s purchases from Iran fell to just 8% of its total crude oil imports. Progress in the negotiations between Iran and the P-5+1 countries at the end of 2013 permitted China to restore crude imports from Iran to pre-sanction levels.
Ensuring More Effective Responses to Natural Disasters: Pakistan in Perspective
This essay draws on recent examples of efforts to respond to natural disasters in order to shed light on some of the main reasons such efforts often fall short of their desired outcome. To address these shortcomings, the author advocates, above all, the adoption of a long-term, holistic approach to disasters that could mitigate the risks associated with “slow burn” crises.
Monday Briefing: Brexit’s Impact on the Middle East; Syria File Changes Hands in Iran
In this week’s Monday Briefing, MEI experts Daniel Serwer, Paul Scham, and Alex Vatanka provide analysis on recent and upcoming events including Brexit’s impact on the Middle East, how Brexit is distracting the E.U. from Israel-Palestine issues, and Iran’s more moderate reshuffling of officials focusing on Syria.
Monday Briefing: ISIS to Lose Fallujah; Pakistan to Join S.C.O.
In this week’s Monday Briefing, MEI experts Robert S. Ford, Paul Scham, and Marvin G. Weinbaum provide analysis on recent events including the battle against ISIS for Fallujah, Israel’s upcoming address to the EU Parliament, and Pakistan’s upcoming accession to the Shanghai Cooperation Organization.
