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.
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....read more
http://on.rt.com/vp7mwk
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....read more
http://on.rt.com/vp7mwk
