Japan conditions buying Iran oil on exemption from US sanctions

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If payments to Iran cannot continue after a 180-day “wind-down period” ending on Nov. 4, it is possible that Japanese buyers of Iranian oil will have to make their last order for Iranian oil in August for September-loading cargoes, said Takashi Tsukioka, who is also chairman of Japan’s second-biggest refiner, Idemitsu Kosan Co, Reuters reported.

That is because the payment for October-loading cargoes would be made in November, he told a monthly news conference on Friday.

Tsukioka said that Japan, which would have to get a reprieve from the US by Nov. 4 to continue imports, would study the responses of other countries.

“I think it’s worth paying attention to what actions that some countries like China and India that raised (Iranian oil) imports during the previous US sanctions would take,” he told reporters.
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