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Japan Loads Another Batch of Iranian Oil

Japan Loads Another Batch of Iranian OilJapan Loads Another Batch of Iranian Oil

A Japanese buyer has loaded Iranian oil on a tanker expected to arrive in Japan in early October, in what could be the last purchase of Iranian oil before the US sanctions snap back in early November, while Japanese refiners and buyers are replacing Iranian oil with other Middle Eastern alternatives. The Yufusan very large crude carrier loaded Iranian oil at Asalouyeh and Kharg Island, and more oil at Mina Al Ahmadi in Kuwait, and is set to dock in Japan on October 3, according to S&P Global Platts trade flow data, Oil Price reported. Japan is still negotiating with the United States on possible waivers for Iranian oil imports, but no breakthrough in talks has been reported. According to a Platts source, Japanese buyers will look to settle all transactions for Iranian oil by November 2 because the sanctions return on November 5.

 

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