Japan’s Fuji oil plans to resume Iran oil loadings from January

TEHRAN, Nov. 19 (MNA) – Japanese refiner Fuji Oil Company is set to resume Iranian crude purchases after Japan received a waiver from US sanctions on Tehran, industry sources familiar with the matter said.

The refiner is under discussions to obtain final approval from the Japanese government for loading starting in January, the sources said on condition of anonymity due to the sensitivity of the matter.

The company is looking to buy South Pars condensate, one of the sources said. The volumes were unclear, but are seen below 1 million barrels, Reuters reported.

Condensate is an ultralight oil processed at splitters, typically to produce naphtha for petrochemicals.

MA/PR

News Code 139749

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