Japan resumes oil imports from Iran

Oil&Gas Materials 21 January 2019 10:32 (UTC +04:00)

Baku, Azerbaijan, Jan. 21

By Elnur Baghishov - Trend:

After China, South Korea, India and Turkey, Japan has also resumed importing Iran oil, Governor of the Central Bank of Iran (CBI) Abdol Naser Hemmati said, Trend reports via IRNA.

He wrote on his Instagram page that in addition to tens of billions of US dollars of the CBI’s active resources with foreign banks, new oil revenues will gradually be adding to Iran's economic cycle.

He added that Iran’s non-oil exports, thanks to letters of understanding the export companies have signed with the Central Bank of Iran, will gradually tune activities with the imports sector as well.

The CBI chief further assured the nation that the country possesses sufficient amount of foreign exchanges in cash to meet the real demands of people.

Hemmati went on to note that certain elements from both in and outside the country , who have lost hope from affecting the supply and demand mechanism in Iran, are now trying to influence the market by creating false negative atmosphere.

US President Donald Trump announced on May 8, 2018 the withdrawal from the JCPOA, which was condemned by other parties to the 2015 agreement and their emphasis to stay in the landmark international deal.

On November 2018, US granted exemption to eight countries including India to import Iran oil. India has announced that despite US anti-Iran sanctions, New Delhi will continue importing Iranian oil.