- Iranians holding Ashura mourning for Imam Hussein
- Third step: Iran officially informs EU of plan to expand nuclear R&D
- Iran expands nuclear R&D program: Rouhani
- Iran goes ahead in space tech, despite US sanctions: ISA
- Resistance Front undermining Israeli regime power: Top commander
- Iran: 7 crew members of detained UK ship freed
- US addiction to sanction threaten its power: Iran’s Zarif
- Dutch role in 2007 Stuxnet attack on Iran’s nuclear site under scrutiny: Iraian FM Spox.
- Iran: ‘Sustainable Security 2019’ kicks off in Caspian Sea
- Iran’s Zarif leaves Tehran for Moscow
- Shiraz University ranked 1st in liver transplantation: Iranian health official
- Japan’s Abe to meet Iran’s president to discuss easing tension in region
- Downing of US spy drone shattered war threats against Iran: Top IRGC commander
- IAEO head reports development of first ion-therapy hospital in west of Asia
- Iranian Taekwondo team wins 2019 World Cup championship
- US sanctions failed to force Iran to buckle: Report
- Crew fixing Iran oil tanker broken down in Red Sea
- As Iranians hold nerves, US seeks to scare off trade
- Leader expresses concern about Kashmir, urges India to follow fair policy toward Muslim-majority region
- Iran saffron exports down due to smuggling, government restrictions: Exporter
- Iran FM warns US against ‘serious miscalculation’ in Persian Gulf
- Iran’s resistance policy led to release of oil tanker: MP
- Iran in reverse brain drain as top students come home in rising numbers
- Iran official calls for compensation for tanker seizure
- Iran hails N Korea for standing against ‘unilateral’ US demands
- Shia Muslims celebrate Eid Al-Ghadir
- North Korea praises Iran’s anti-US struggle
- Zarif says to meet French president Friday
- Iranian court hearing case of UK oil tanker
- Over half of Japanese voters oppose joining US-led anti-Iran coalition in Persian Gulf: Poll
- IME trade ups by 21 percent in July
- Finland backs INSTEX in defiance of US
- US anti-Iran policy in high seas harms Europeans: LA Times
- Iran, China confer on Syria
- Iran, Finland share views on Persian Gulf dialogue forum: Zarif
- Iran warns US against seizure of oil tanker
- Iraq eager to benefit from Iranian Police’s experience
- Iran planning 3rd step to reduce nuclear commitments: Spokesman
- Leader grants clemency to over 1,000 Iranian inmates
- Registration for Arbaeen Pilgrimage to begin in Iran on Friday
- Iran, Iraq agree to reopen Khosravi border crossing
- Iran deplores suicide attack at Kabul wedding hall
- Iran to hold int'l hand-woven carpets expo
- Zarif meets with Iran-Kuwait Friendship Group members
- Adrian Darya oil tanker not under any sanctions, says Iran envoy
- ‘Iran to stay in nuclear deal as long as its interests are met’
- India envoy happy with positive trend of trade with Iran
- Iran’s annual export of white meat tops 2.5m tons: Minister
- Iranian scientist discovers new state of matter
- Iran, Japan diplomats discuss bilateral ties
- Iran, Ansarullah, European representatives Yemen developments
- ‘Iran to become self-sufficient in producing aircraft engines'
- US issues seizure warrant for Iranian supertanker 'Grace 1'
- Neanderthal tooth unearthed near Iran’s Zagros mountain
- Iran’s Zarif due in Kuwait on Saturday
- US faces humiliating defeat after Gibraltar releases Iranian tanker: Envoy
- Spokesman rejects claim on Iran’s commitment in exchange for tanker release
- Zarif reacts to release of Iranian tanker in Gibraltar
- Israel, UAE engaged in secret talks on Iran arranged by US: Report
- US threatens visa ban as Iranian-operated tanker sets to sail from Gibraltar
- Enemies must factor Iran's global power in their calculations: IRGC's chief commander
- Trump’s administration conflicting messages to Iran baffle go-betweens: Report
- Gibraltar releases Iran-operated tanker despite US pressure
TEHRAN, August 28 -Japan’s minister of economy, trade and industry says the country’s refiners need to make their own decisions as to whether import oil from Iran.
TEHRAN, Young Journalists Club (YJC) -Japan’s minister of economy, trade and industry says the country’s refiners need to make their own decisions as to whether import oil from Iran.
Japanese officials have said they need Iranian oil and have been seeking exemption to US sanctions as among their highest priorities for the country’s energy industry.
Asked on Tuesday whether the government had provided any guidance to local refiners, Japan's Minister of Economy, Trade and Industry Hiroshige Seko said, “I understand that this would basically, properly be judged by private companies."
Director-general of oil, gas, and mineral resources at Japan’s Ministry of Economy, Trade and Industry (METI) Ryo Minami has said stopping Iranian oil exports would trigger a "substantial rise" in oil prices that would not benefit anyone.
"As Japan considers to continue importing the crude oil, we intend to tell the US this stance, and we aim to secure their understanding," he was quoted as saying last month.
Japan imported an average of 165,481 barrels per day of Iranian oil in fiscal 2017-18 (April-March), down 28% from the previous fiscal year, according to METI data.
Iranian imports accounted for 5.2 percent of Japan's total crude imports of 3.19 million barrels per day in the fiscal year ended March 31.
The US government is about to reimpose sanctions on Iran’s oil and gas and shipping sectors on November 4.
China’s largest refiner, Sinopec, said on Monday that some of its refineries will be negatively affected if it stops importing Iranian crude.
“Some of our downstream refineries were designed for refining Iranian oil. If we stop imports, the benefits would be affected,” Sinopec vice president Huang Wensheng said.
State oil trader Zhuhai Zhenrong Corp and Sinopec, however, have taken measures to safeguard supplies, using vessels owned by National Iranian Tanker Company for imports in order to bypass sanctions.
Under the new arrangement, Iran would cover all the costs and risks of delivering the crude as well as handling the insurance.
Iran is reportedly also providing ships as well as insurance cover for oil shipments to India so as to continue exports to its second largest client.
Source: presstv
Your Comment