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Japan's JXTG may stop Iran oil imports from Sep

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Japan's largest refiner JXTG Nippon Oil & Energy may stop imports of Iranian crude oil loading in September without a clear guidance from the government amid fear of US sanctions, S&P Global reported.

 

The refining arm of JXTG Holdings will decide whether to continue to import cargoes loading in August, JXTG Holdings' director and senior vice president of corporate planning Yasushi Onoda told reporters Wednesday.

 

JXTG's comments came as Japan was seeking an early exemption from the US on its sanctions against Iran to ensure energy security as well as local refiners' needs for Iranian oil, according to Ryo Minami, the director-general of oil, gas and mineral resources at the Ministry of Economy, Trade and Industry.

 

US sanctions on Iran's oil customers snap back November 4 and could remove up to 1 million b/d of global oil supply.

Last Modified: Wednesday، 08 August 2018 04:32 PM
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