|  | 

Technology

Japan conditions buying Iran oil on exemption from US sanctions

Tehran, Japanese oil refiners may have to stop loading Iranian crude oil from Oct. 1 if Japan's government does not secure an exemption from US sanctions to allow imports to continue, the president of the Petroleum Association of Japan (PAJ) said on Friday.

If payments to Iran cannot continue after a 180-day wind-down period ending on Nov. 4, it is possible that Japanese buyers of Iranian oil will have to make their last order for Iranian oil in August for September-loading cargoes, said Takashi Tsukioka, who is also chairman of Japan's second-biggest refiner, Idemitsu Kosan Co, Reuters reported.

That is because the payment for October-loading cargoes would be made in November, he told a monthly news conference on Friday.

Tsukioka said that Japan, which would have to get a reprieve from the US by Nov. 4 to continue imports, would study the responses of other countries.

I think it's worth paying attention to what actions that some countries like China and India that raised (Iranian oil) imports during the previous US sanctions would take, he told reporters.

Source: Islamic Republic News Agency - IRNA


The iran News Gazette is mainly concerned with news and information about the Arab region and also covers international issues. Its main objective is to provide reliable and verified information on the Arab region for publishing on the digital landscape.