Japan, China to import Iran oil after EU ban
News On Japan via tehrantimes.com -- Jun 21
At least two of Asia's four top buyers of Iranian crude will keep imports flowing as they find ways around an EU ban on insuring tankers carrying the Islamic country's oil.
Asia needs oil to feed growing demand and top consumers are reluctant to entirely halt imports from Iran and depend entirely on top exporter Saudi Arabia, especially given that output from other alternative suppliers such as Libya and Iraq has not stabilized.
Japan has secured a parliament approval that allows the government to provide insurance cover, while China is asking Iran to take on the risk and deliver the crude on their ships. South Korea and India have yet to find a way out.
Together, Japan and China have nominated loadings for as many as 620,000 barrels per day of Iranian oil next month, sources said on Wednesday.
In less than two weeks, the four Asian buyers who are Iran's biggest customers will lose access to European insurers that cover 95 percent of the world's tankers for oil spills and collisions.
|
May 22
| X Japan waxes lyrical at Madame Tussauds debut |
| This Monday, members of the seminal metal band X Japan were in Odaiba rubbing shoulders with the likes of Brad Pitt, Lady Gaga and AKB48′s Yuko Oshima. The catch? They were all made out of wax. (Japan Times ) |
|
May 21
| Senior Kyodo News official dismissed over improper act |
| Kyodo News said Monday that it has dismissed Satoshi Kondo, 51, deputy chief of its general administration bureau and former personnel affairs division chief, for meeting individually with a female student searching for a job and doing an inappropriate act.
(Jiji Press ) |
|
May 19
| Japan's child kidnapping problem |
| Dozens of American children are abducted to Japan every year-not by strangers, but by parents after messy divorces. (thedailybeast.com ) |