Iran Economy NewsUS asks Japan to withdraw from Iran oil project-media

US asks Japan to withdraw from Iran oil project-media

-

Reuters: The United States has asked the Japanese government to withdraw from Iran’s Azadegan oil field project in which Japanese oil developer Inpex Corp has a stake to reflect Washington’s sanctions on Tehran over its nuclear programme, a Japanese newspaper reported on Wednesday.

TOKYO, Sept 29 (Reuters) – The United States has asked the Japanese government to withdraw from Iran’s Azadegan oil field project in which Japanese oil developer Inpex Corp has a stake to reflect Washington’s sanctions on Tehran over its nuclear programme, a Japanese newspaper reported on Wednesday.

The Yomiuri newspaper quoted a Japanese government source as saying Washington has suggested Inpex could be mentioned in a new list of Iran-related firms to be targeted for U.S. sanctions and urged Tokyo to cooperate by dropping the investment.

Japan’s government is the biggest shareholder of Inpex, with an 18.9 percent stake after a recent multi-billion dollar share sale.

Earlier this month, Japan imposed additional sanctions on Iran, following the United States and European Union in pressuring Tehran despite Tokyo’s reliance on oil imports from the country.

At that time, Japan’s then trade minister, Masayuki Naoshima, said he did not expect any major change in Inpex’s investment, currently Japan’s sole energy-related stake in Iran.

When tension was growing in 2006 between the United States and Iran over the country’s uranium processing and nuclear power development, Inpex cut its stake in the Azadegan oil field project to 10 percent from 75 percent. (Reporting by Yoko Nishikawa)

Latest news

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic Control Center of the Iranian regime’s police, announced that the...

Land Subsidence in Critical Conditions in Isfahan

Mehdi Toghyani, a member of the Iranian regime’s Majlis (parliament), pointed to the occurrence of land subsidence in various...

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the "general sentiment" regarding inflation in 2023, has stated that households...

Iranian Workers’ Monthly $136 Wages Can’t Cover $500 Expenses

The lives of a significant portion of the Iranian population are marked by uncertainty, largely because the Iranian economy...

Iranian Nurses Earn Twice Their Wages in Ride-Hailing Services

Reza Aryanpour, a member of the regime’s Majlis (parliament) Health and Treatment Commission, highlighted the growing trend of nurses...

Iran: Unprecedented Record of 152 Million Liters of Gasoline Consumption Per Day

On March 19, Iran set a new historical record in gasoline consumption with 152 million liters consumed in one...

Must read

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic...

Iran’s Foreign Ministry summons Swiss envoy

Iran Focus: Tehran, Iran, Dec. 04 – Iran’s Foreign...

You might also likeRELATED
Recommended to you