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Showa Shell Says Buys 55% of Japan's Iran Crude Imports in H1 of 2016

Source: Reuters 10/14/2016, Location: Asia

Oil refiner Showa Shell Sekiyu bought 55 percent of Japan's crude imports from Iran in January-June, said Chief Executive Officer Tsuyoshi Kameoka.

Japan imported 205,871 barrels per day (bpd) of Iranian oil in the first half of 2016, trade ministry data showed, meaning Showa Shell's imports during the period would be around 113,000 bpd.

Kameoka made the comment late on Thursday during a joint news conference with Idemitsu Kosan Co on the delay of a full takeover of Showa Shell.

Japan's Iranian crude imports rose 25.8 percent to 216,101 bpd in January-August from the same period a year ago after economic sanctions targeting Tehran's disputed nuclear programme were lifted in January, the trade ministry data showed.

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