Japan ready to increase Iran oil imports

There is significant potential for the Japanese companies to participate in a variety of oil and gas projects in Iran, said Zanganeh after a meeting with the Japanese foreign minister.

Iran’s Oil Minister Bijan Zanganeh said on Monday that Japan has voiced readiness to increase imports of Iranian oil as soon as the US-engineered sanctions against Iran are lifted.

Tokyo has agreed to increase its oil imports from Iran to the levels that existed before the sanctions, Zanganeh told reporters after a meeting with visiting Japanese Foreign Minister Fumio Kishida.

He added Kishida along with the Japanese business leaders who are accompanying him were briefed on Iran’s new oil and gas investment opportunities as well as the new format of energy contracts.

Zanganeh said there is significant potential for the Japanese companies to participate in a variety of oil and gas projects in Iran.

He said lucrative prospects exist in the area of reducing gas flaring at oil fields, increasing energy consumption efficiency and production of liquefied natural gas (LNG).

The minister further said that the Japanese companies have voiced interest in investing in Iran’s upstream projects, adding that he has asked the companies to present their proposals to that effect.

[…]

Emad Askarieh

Emad Askarieh has worked as a journalist since 2002. The main focus of his work is foreign policy and world diplomacy. He started his career at Iran Front Page Media Group, and is currently serving as the World Editor and the Vice-President for Executive Affairs at the Iran Front Page (IFP) news website.

Recent Posts

Int’l lawyer: US plans to sanction countries cooperating with ICC on Netanyahu arrest

An international law expert and analyst has revealed the U.S. plans to impose punitive measures…

2 hours ago

Minister of science: 25% of Iranian university professors emigrated due to economic challenges

Iran’s Minister of Science, Research, and Technology, Hossein Simayee Saraf, addressed on Thursday academic migration…

2 hours ago

IRGC commander: ICC ruling against Netanyahu signifies political demise of Israel

The Commander of Iran’s Islamic Revolution Guard Corps (IRGC), Major General Hossein Salami, says that…

2 hours ago

IRGC: US Iran’s main enemy, Israel can’t survive without its support

The spokesperson and deputy head of public relations for the Islamic Revolution Guard Corps (IRGC)…

5 hours ago

Iran says increased number of its centrifuges in response to the IAEA resolution

The Atomic Energy Organization and the Iranian Foreign Ministry announced that, in response to the…

5 hours ago

Iranian, Belarusian tourism ministers meet on facilitating tourist movement

Iran's Minister of Cultural Heritage, Tourism, and Handicrafts, Seyed Reza Salehi Amiri, met on Thursday…

8 hours ago