IFP Exclusive

Japan Begins Importing Oil from Iran: CBI Governor

Governor of Central Bank of Iran says after China, South Korea, India and Turkey, Japan has begun the process of importing oil from the Islamic Republic.

Abdolnaser Hemmati wrote on his page on Sunday that “the new oil revenue will gradually enter the business cycle alongside tens of billions of dollars of active central bank resources at foreign banks to strongly support the country’s trade.”

“Our country’s non-oil exports would also be assisting the import process of the country with the agreements that exporters sign with the central bank,” added Hemmati.

“In the past, I told that there are very good reserves of currency in the form of bills to meet the real needs of the people.”

“Of course, there are many factors inside and outside [of the country] that show they are disappointed and want to influence the market by negative impulses,” underlined Hemmati.

Iran’s oil exports decreased after Donald Trump withdrew from Iran’s nuclear deal in May 2018 and re-imposed sanctions on Tehran.

However, Iran’s biggest oil clients i.e. Japan, China, India, South Korea, Taiwan, Italy, Greece and Turkey received exemptions to import some oil for another six months.

IFP Editorial Staff

The IFP Editorial Staff is composed of dozens of skilled journalists, news-writers, and analysts whose works are edited and published by experienced editors specialized in Iran News. The editor of each IFP Service is responsible for the report published by the Iran Front Page (IFP) news website, and can be contacted through the ways mentioned in the "IFP Editorial Staff" section.

Recent Posts

Iranian shepherd soothes attacking bear

A video has gone viral in Iran showing a shepherd trying to calm down a…

8 hours ago

Iran’s Lake Urmia sees significant improvement amidst restoration efforts

An Iranian official reports that the shrinking Lake Urmia is in better condition than last…

10 hours ago

Four terrorists killed during clash with IRGC forces in Iran’s southeast

Iranian security forces have killed another four terrorists in the southeastern city of Rask in…

12 hours ago

Former Parliament chief: Iran should not tie affairs to Trump

The former speaker of the Iranian Parliament and a current member of the country's Expediency…

12 hours ago

IRGC chief commander: Resistance grandeur led to changes in US leadership

The commander-in-chief of Iran's Islamic Revolution Guard Corps (IRGC) says that the power of Palestinian…

13 hours ago

Iran signs key agreements during communications minister’s visit to Cuba, Venezuela

Iran’s Minister of Communications Sattar Hashemi has recently concluded a "productive" six-day trip to Cuba…

15 hours ago