• Tuesday, August 20, 2019

Iran says Japan has started process of importing Iranian oil

Discussion in 'Iranian Defence Forum' started by OsmanAli98, Jan 22, 2019.

  1. OsmanAli98

    OsmanAli98 SENIOR MEMBER

    Messages:
    4,585
    Joined:
    Aug 22, 2018
    Ratings:
    +3 / 6,332 / -0
    Country:
    Pakistan
    Location:
    United States
    LONDON: 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.