Latest topics
Japan's Fuji Oil buys more Middle Eastern oil to replace Iran's crude
Page 1 of 1
Japan's Fuji Oil buys more Middle Eastern oil to replace Iran's crude
Japan's Fuji Oil buys more Middle Eastern oil to replace Iran's crude
Japan's Fuji Oil logo
08/16/2018
Economy News Baghdad
Japan's Fuji Oil Refinery has bought 2.5 million barrels of Middle Eastern crude in October through a tender and is seeking to buy more oil to replace Iranian supplies, trade sources said on Thursday.
Fuji bought one million barrels of Arab Panoco crude at a premium of about 15 cents a barrel above the official selling price and another 1 million barrels of Qatari ground crude at a discount of 50 and 70 cents a barrel from the official price.
The sources said that the company bought in a tender closed Thursday, 500 thousand barrels of upper Zakum crude, less than 25 cents from the official sale price.
Fuji Oil, like other Japanese refiners, is expected to stop loading Iranian crude from October as US sanctions on Iran's energy sector come into effect in November.
"Shipping and insurance companies and banks are very reluctant to start Iranian trade," one source said.
http://economy-news.net/content.php?id=13292
Japan's Fuji Oil logo
08/16/2018
Economy News Baghdad
Japan's Fuji Oil Refinery has bought 2.5 million barrels of Middle Eastern crude in October through a tender and is seeking to buy more oil to replace Iranian supplies, trade sources said on Thursday.
Fuji bought one million barrels of Arab Panoco crude at a premium of about 15 cents a barrel above the official selling price and another 1 million barrels of Qatari ground crude at a discount of 50 and 70 cents a barrel from the official price.
The sources said that the company bought in a tender closed Thursday, 500 thousand barrels of upper Zakum crude, less than 25 cents from the official sale price.
Fuji Oil, like other Japanese refiners, is expected to stop loading Iranian crude from October as US sanctions on Iran's energy sector come into effect in November.
"Shipping and insurance companies and banks are very reluctant to start Iranian trade," one source said.
http://economy-news.net/content.php?id=13292
*****************
>>>TNTBS's YouTube Channel<<<
RamblerNash- GURU HUNTER
- Posts : 24277
Join date : 2015-02-19
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Sat Sep 07, 2024 8:16 pm by RamblerNash
» Iraqi Dinar (IQD)
Sat Sep 07, 2024 7:24 pm by RamblerNash
» The Iraqi Dinar Revaluation Scam: False Hope, Financial Deception
Sat Sep 07, 2024 7:13 pm by RamblerNash
» Yes, the Iraqi Dinar is a SCAM: Responding to Marcus Williams' Comments on my Investment Scam Video
Sat Aug 24, 2024 11:12 pm by RamblerNash
» AMERICA’S COLOR REVOLUTION — Brought To You By The U.S. Intelligence Community & Coming To A City Near You
Mon Jun 17, 2024 5:58 am by kenlej
» Go Russia
Mon Jun 17, 2024 5:49 am by kenlej
» I am too pretty for math, but....
Wed Jun 12, 2024 6:56 pm by Mission1st
» Interesting article
Wed Jun 12, 2024 6:34 pm by Mission1st
» Phony Tony: New Platform, same old song and dance
Wed Jun 12, 2024 6:32 pm by Mission1st
» The Craziness of Scam by "Tony TNT Renfrow" and the Iraqi Dinar Currency Scam
Tue Jun 11, 2024 12:26 pm by Mission1st
» Even conspiratorial currency speculators aren’t buying a Russian ruble revalue - It’s not the next the Iraqi dinar
Mon Jun 10, 2024 1:04 pm by RamblerNash
» The Fundamentals of Finance and Pimpy Live
Fri Jun 07, 2024 5:02 pm by Dorotnas
» Carnival Rides
Fri May 10, 2024 5:03 pm by kenlej
» Go Russia
Sun May 05, 2024 10:51 am by kenlej
» Textbook Tony
Mon Apr 29, 2024 4:13 pm by Mission1st
» The Rockefellers and the controllers are freaking out right about now
Fri Apr 26, 2024 11:16 am by kenlej
» Phony Tony sez: Full Steam Ahead!
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn