13:34 GMT +324 June 2017
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    General view of part of Tehran's oil refinery south of the capital Tehran, Iran

    Japan Buys Over 200,000 Barrels of Iranian Oil Daily Over Three Months

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    Iran has been supplying over 200,000 barrels of oil per day to Japan over the last three months, according to the director of international affairs at the National Iranian Oil Company (NIOC).

    MOSCOW (Sputnik) — Japan has been importing more than 200,000 barrels of Iranian oil per day over the past three months, the director of international affairs at the National Iranian Oil Company (NIOC), Seyed Mohsen Ghamsari, said Tuesday.

    "The oil sale contract between Iran and Japan pertains to 120 thousand barrels per day; nevertheless, the East Asian country has purchased more oil from Iran over the past three months," Ghamsari said, as quoted by Mehr news agency, pointing to the number as high as 200,000 barrels daily.

    According to the NIOC official, Tehran expects to deliver 160,000-200,000 barrels per day to Tokyo to increase its share in Japanese oil supplies.

    Iran began stepping up international trade and investment cooperation after reaching a historic deal on its nuclear program to ensure its peaceful nature in exchange for the suspension of international anti-Iran sanctions, in particular on its oil sector, in July 2015.

    In mid-January, the sanctions were removed after the International Atomic Energy Agency verified Tehran’s compliance with the nuclear agreement.

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    Tags:
    Oil, National Iranian Oil Company (NIOC), Seyed Mohsen Ghamsari, Iran, Japan
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