As Japan is temporarily granted amnesty in the U.S. sanctions against Iran, with no hope of extending this treatment, Japanese companies will stop importing oil from Iran again after April.
| PVA 0599 (PVA BF05) |
According to the Japan Release Association (NHK) on March 31, US President Trump restarted oil sanctions against Iran in November last year and asked countries to stop importing Iranian oil. But Japan and other countries have temporarily been granted amnesty, which is extended until May this year. As a result, Japanese companies JXTG and Costa Moore Energy Holdings resumed Iranian oil imports that had been interrupted for some time.
Reported that since then, the Japanese government has been in consultation with the U. S. government, but no progress, pardon treatment is not expected to extend. As a result, Japanese companies will stop importing oil from Iran again after April.
Relevant enterprises said that although the proportion of oil imported from Iran is not high, it will not affect Japan’s domestic oil and gas supply. However, the diversification of crude oil imports is indispensable, so the Japanese government will be asked to continue urging the US government to extend the amnesty treatment for Iranian oil imports.
| PVA |
It is understood that on November 5, 2018, the date for the United States to fully resume its blockade against Iran is on schedule. On the same day, the United States Secretary of State announced that eight countries and regions, including China, India, Japan, Italy and South Korea, were granted temporary amnesty for Iranian crude oil imports, which will last 180 days.
According to the data of the U.S. Energy Information Agency, the main exporters of Iranian crude oil in 2017 are China (24%), India (18%), South Korea (14%), Turkey (9%), Italy (7%) and Japan (5%). The U.S. amnesty list covers almost 70% of Iranian oil exports.
| POLYVINYL ALCOHOL |