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Iran says Japan has started process of importing Iranian oil

Discussion in 'Middle East & Africa' started by Jyotish Kailashkumar, Jan 21, 2019.

  1. Jyotish Kailashkumar

    Jyotish Kailashkumar SENIOR MEMBER

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    Iran says Japan has started process of importing Iranian oil

    JANUARY 21, 2019

    LONDON (Reuters) - Japan has started the process of importing Iranian oil, which was suspended due to U.S. sanctions, the governor of Iran’s central bank said on Monday.

    The resumption of oil imports comes after Tokyo was granted a waiver from U.S. sanctions that went into effect in November. Iran is the fourth-largest oil producer among the members of the Organization of the Petroleum Exporting Countries.

    “After China, South Korea, India and Turkey, Japan also started the process of importing Iranian oil,” Abdolnaser Hemmati was quoted as saying by the state news agency IRNA.

    Iran’s oil exports have fallen sharply since U.S. President Donald Trump said in May 2018 the United States would withdraw from a pact curtailing Iran’s disputed nuclear program and reimpose sanctions on Tehran.

    However, exemptions have been granted to Iran’s biggest oil clients - Japan, China, India, South Korea, Taiwan, Italy, Greece and Turkey - which allow them to import some oil for another 180 days.

    Iranian oil accounted for 5.3 percent of Japan’s total crude imports in 2018.

    https://www.reuters.com/article/us-...rocess-of-importing-iranian-oil-idUSKCN1PF0EH
     
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  2. Tokhme khar

    Tokhme khar BANNED

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    Trump the doofus understands very well that if he pushes too far, he's going to withhold not only Iran's but also Iraqi oil to these toady's. You can't take off 7 mbpd off the market and expect the Zio system to work flawlessly........lol

    We got these toady's and hillbilly right where we want them. And wait till we take over Yemen, we'd strangulate the rest too......:guns::sniper: