Baku, Azerbaijan, July 31
By Khalid Kazimov – Trend:
Japan is expected to make an investment of some $10 billion in various sectors of Iran’s economy.
Iran's Deputy Oil Minister for International Affairs and Commerce Amirhossein Zamaninia has said that several Japanese companies are studying opportunities to invest in Iran’s oil industry, IRNA news agency reported.
Japanese are planning to invest in projects for developing Iran’s oil sector including petrochemicals, refineries, and LNG, he added.
Japan is after increasing its imports of gas condensates as they face some restrictions in using crude oil in their country, the official added.
Japan was among Iran’s main oil buyers importing 338,000 barrels per day from the Islamic Republic before imposing sanctions on Tehran in 2012.