Japan’s imports of Iranian crude oil fell to zero in July for the first time since 1981, trade ministry data showed on Friday, as Iran’s No.3 oil buyer reined in its appetite to keep from falling afoul of European Union sanctions targeting insurance.
Tag: imports
South Korea to resume Iranian oil imports
South Korea announced on Monday that it will resume oil imports from Iran in September.The Associated Press reports that Iran will be providing both the ships and the insurance for the delivery of oil to South Korea. Two weeks ago, South Korean officials reported that they were engaged in talks with Iran to […]
Iran threatens to stop imports from South Korea over oil halt
Iran threatened Wednesday to halt all imports of goods from South Korea in response to Seoul’s announcement a day earlier that it would stop accepting Iranian oil.
South Korea to halt Iran oil imports as EU ban bites
South Korea became the first major Asian consumer of Iranian crude to announce a halt to imports after the government said they would be suspended from July 1 due to a European Union ban on insuring tankers carrying Iranian oil.
India reduces oil imports from Iran
Iran’s oil exports to India fell by 34 percent in April compared to March 2012.Reuters reports that India is trying to reduce its oil imports from Iran in line with U.S. and EU sanctions on Iranian crude.
Iran poised to start big feed grain imports
Iran’s government is expected to start buying hundreds of thousands of tonnes of feed grains as western sanctions are causing enormous disruption to the financing of Iran’s imports, traders said on Thursday.
Spain says imports less Iran crude, more Nigerian
MADRID, April 9 (Reuters) – Spain’s crude imports from Iran dropped in January, while its supplies from Nigeria and Iraq rose sharply, just as the European Union imposed sanctions on the Islamic Republic, official data showed on Monday.
Japan Promises Cuts In Iranian Oil Imports
Japan promised it would “substantially” cut oil imports from Iran, a day after the United States announced a decision to exempt Japan from new sanctions that target those who continue to do business with Tehran.
Signs build that Iran sanctions disrupt food imports
More evidence emerged on Tuesday of the crippling impact of new sanctions on Iran, with international traders saying Tehran is having trouble buying rice, cooking oil and other staples to feed its 74 million people weeks before an election.
Japan oil industry likely to cut Iran imports in 3 months time
By Osamu TsukimoriTOKYO, Jan 19 (Reuters) – Japan’s oil industry is likely to cut its purchases of Iranian crude oil in about three months as Tokyo grapples with a new U.S. sanctions law, Akihiko Tembo, president of the Petroleum Association of Japan (PAJ), said on Thursday.