Japan to continue Iran crude oil imports
Japanese refiner Showa Shell Sekiyu KK has announced that it will continue crude oil imports from Iran regardless of US and European Union oil sanctions against the Islamic Republic.
The company officials said on Tuesday that Showa Shell has renewed its contract with Tehran, which had expired last March, and is currently importing 60,000-70,000 barrels per day (bpd) of crude from Iran, Oil Ministry’s official news agency, SHANA, reported.
Current official data showed Japan imported 207,812 bpd from Iran in June, up 6.8 percent from a year earlier.
Japan’s top refiner, JX Nippon Oil & Energy, which has a volume of 83,000 bpd with Iran, has emerged as the country’s biggest buyer of Iranian crude.