Iran General NewsJapan Stops Iran Oil Imports

Japan Stops Iran Oil Imports


Japan-Iran oil imports

Iran Focus

London, 21 Sep – Oil refiners in Japan have temporarily suspended all loading from Iran ahead of incoming US sanctions, even though they are still trying to obtain a sanctions waiver from Washington, according to Takashi Tsukioka, the President of the Petroleum Association of Japan.

When asked whether refiners had suspended their Iranian oil loadings beyond October, Tsukioka told a press conference on Thursday: “I understand that each company’s position [over Iranian oil loadings] is the same, to have suspended them while monitoring the situation. The companies are also taking a flexible approach to be prepared to respond, depending on how the situation develops.”

These comments came as a Japanese buyer loaded what appeared to be one of the last Iran oil cargo for arrival in early October, with most procurers looking for alternative suppliers. According to data from S&P Global Platts trade flow software cFlow, the shipment should arrive in Japan on October 3 after loading oil at Assaluyeh and Kharg Island in Iran.

Tsukioka said that it would be up to each refiner to make their own decisions and that they were still hoping for an exemption in order to maintain stable oil supplies.

However, this does not seem especially likely, given that the US has been very strict about waivers and stated that they want Iranian oil exports to reach zero before November 4. A source familiar with the matter said that Japanese refiners are expected to settle all Iranian oil transactions by the end of November 2, before American sanctions snap back.

Tsukioka said: “I understand that companies with a large lifting volume of Iranian crude have started the appropriate alternative [procurements]. Other [companies] are dealing with it by exercising their contractual tolerance or buffer based on their [supply] contracts.”

These sanctions are coming into force, following the US withdrawal from the 2015 Joint Comprehensive Plan of Action (JCPOA) or Iran nuclear deal in May.

World must comply with sanctions

It is right that Japan complies with US sanctions and steps up alternative crude imports from the Middle East and elsewhere. Not only is this a better prospect for their business interests, but it is also better for the world.

The money that Iran gets from its nuclear programme does not fund schools or hospitals. It instead gets ploughed into their military and is diverted into proxy militias causing chaos across the Middle East or into terrorist plots that extend into Europe and the US. Limiting the money that Iran has, will limit the amount they can spend on destroying the world, and hopefully bring an end to the mullahs’ rule.

Latest news

Grim Tidings for Iran’s Regime After Approval of UN Fact-Finding Mission

After many discussions and debates, the United Nations Human Rights Council has approved a fact-finding mission to investigate the...

Iranian People’s Resistance Changed the Appeasement Policy

Soon after the new US government started its obligations in January 2021, hand in hand with the European governments...

Khamenei’s Disgraceful Campaign Against Piranshahr and Javanrud, Who Will Be the Loser?

On the 67th day of Iran’s revolution, the Iranian regime attempted to put a halt to the protests in...

Iran: Expensive Medicine, Cheap Human Life

A look at the equipment and weapons that the Iranian regime has been using against its people to suppress...

Who Is Abolqasem Salavati Iran Regime’s Killer Judge?

Last week, it was announced that the case of several people who were arrested during the Iranian People's uprising...

Iran Revolution Characteristics

More than two months have passed since the start of the latest round of protests in Iran against the...

Must read

One dead, several injured in fire on plane at Tehran airport

AFP: One child was killed and several other passengers...

France sees Iran sanctions talks at UN next week

Reuters: France said on Wednesday there was "growing consensus"...

You might also likeRELATED
Recommended to you