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Tokyo –
Cosmo Oil began charging its first shipment of Iranian crude oil, the last Japanese refiner to resume Iranian oil import more than two months after granting US sanctions waivers, said Monday at S & P Global Platts an informed source.
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The VLCC Jin-Ei began charging 850,000 barrels of Iranian crude – 200,000 barrels of Iranian Light and 650,000 barrels of Iranian Heavy – on the island of Kharg, Iran, around 3:48 am local time Monday, the source said.
The VLCC will arrive in Japan at the end of February after loading crude oil cargoes at Mina Al Ahmadi in Kuwait and Das Island in Abu Dhabi, after its scheduled departure from Kharg Island around 2 am on Tuesday. added the source.
A spokesman for parent company Cosmo Energy Holdings declined to comment on Monday.
Platts' commercial flow software, cFlow, also indicates that the VLCC Jin-Ei entered Kharg Island on Sunday.
The start of Cosmo Oil's shipment of crude oil comes after Japanese refiners Fuji Oil and Showa Shell – the main buyers of Iranian crude in Japan – recently charged two VLCCs with Iranian crude.
Japanese refiners resumed Iran's crude shipment after Platts announced on Jan. 15 that major Japanese banks would resume Iranian oil transactions after final approval, allowing domestic refiners to begin their shipments as soon as possible. this month.
In addition, refiners and Japanese transport companies have recently resolved their concerns regarding relevant shipping insurance for Iranian imports and await approval from banks and regulators before resuming their entries.
Japan did not import any crude from Iran in November. The country had no Iranian oil imports in July 2012 during the latest international sanctions against Tehran.
– Takeo Kumagai, [email protected]
– Published by Norazlina Jumaat, [email protected]
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