China and Japan secure Iran oil supply, bypassing EU sanctions
(RIA Novosti / Aleksandr Kondratuk)
Japan is one of the major buyers of Iranian crude oil, and says it
is going to provide insurance coverage for Iranian tankers, while
China is offering to use its own vessels for delivery in bid to
circumvent EU crude sanctions.
is going to provide insurance coverage for Iranian tankers, while
China is offering to use its own vessels for delivery in bid to
circumvent EU crude sanctions.
The Japanese parliament has approved government insurance cover of
up to $7.6 billion for each tanker which carries Iranian crude to
the country. Meanwhile China offered Iran use of its tankers for
delivery in order to secure at least a part of its oil supply.
Japan and China have announced loading of about 620,000 barrels
per day (bpd) of Iranian oil next month, according to Reuters.
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