Japan resumes imports of naphtha from Iran
Feb 21, 2017 08:21 UTC
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Reports say Japan is set to receive its first cargo of naphtha from Iran after the removal of sanctions against the country within the next few days
Reports say Japan is set to receive its first cargo of naphtha from Iran after the removal of sanctions against the country by the end of this week.
The cargo – which would end a hiatus of over six years in imports of the crucial fuel from Iran by Japan - would be delivered to the country’s industrial giant Mitsubishi, media quoted a source with direct knowledge of the matter as saying.
Japan last imported 42,212 tons of naphtha from Iran in 2011, reported the energy news service Platts.
Japan’s trading houses and refiners did not import any naphtha from Iran after the country faced a series of US-led sanctions in 2012.
This is the second shipment of naphtha made from Iran’s major Persian Gulf Star Refinery. The first went to the UAE.
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