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Japan set to resume Iranian oil imports

Japanese oil wholesalers are expected to resume crude oil imports from Iran by as early as the end of the year.

Japan set to resume Iranian oil imports
(Sunday, January 27, 2019) 11:42

The President of the Petroleum Association of Japan, Takashi Tsukioka, told reporters on Tuesday, "some firms may resume imports from Iran late December. The amount of the imports will likely grow from January to March."

Tsukioka pointed out the exemption lasts 180 days, and it's unclear what will happen after that, NHK network reported.

He said he expects Japanese wholesalers to bring in as much Iranian oil as possible during those six months.

 The US has granted Japan and 7 other economies temporary exemptions from its embargo.

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