• Mon / 21 January 2019 / 10:40
  • Category: Economy
  • News Code: 97110100152
  • Journalist : 71477

Iran says Japan has started process of importing Iranian oil

عبدالناصر همتی

Tehran (ISNA) - Japan has started the process of importing Iranian oil, which was suspended due to U.S. sanctions, the governor of Iran’s Central Bank said on Monday.

The resumption of oil imports comes after Tokyo was granted a waiver from U.S. sanctions that went into effect in November. Iran is the fourth-largest oil producer among the members of the Organization of the Petroleum Exporting Countries, Reuters reported.

“After China, South Korea, India and Turkey, Japan also started the process of importing Iranian oil,” Abdolnaser Hemmati was quoted as saying by the state news agency IRNA.

Abdol Naser Hemmati wrote in his Instagram page on Sunday that “In addition to tens of billions of dollars of the CBI’s active resources with foreign banks, new oil revenues will gradually join the business cycle which is regarded as a strong and reliable support for our Iran’s trade.”

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.

End Item

Edited by: Sepideh Hashemi

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