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| Japan interested in enhancing Iran ties: envoy |
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Japanese Ambassador to Iran Koji Haneda said Sunday that his country is interested in fostering ties with the Islamic republic.
Haneda said so on the sidelines of a forum on investment opportunities in Iran's northwestern city of Tabriz.
As a result of anti-Iran sanctions imposed by the United States and other Western countries, the volume of Tehran-Tokyo trade transactions has declined in the past years, the Japanese envoy said, adding that, however, mutual trade and Japan's oil imports from Iran are continuing.
He said Japan still relies heavily on imports of Iranian oil despite Western pressure on the Iranian government.
Japan last year established a new insurance mechanism to facilitate the delivery of Iranian crude oil to circumvent European sanctions targeting maritime shipments. In May, Japan doubled the amount of crude oil it imports from Iran to more than 220,000 barrels per day.
Platts reported the May level followed a substantial drop in April imports because of shipping logistics.
Overall, however, Iranian crude oil deliveries to Japan are down as a result of a U.S. State Department decision in April to extend a sanctions waiver to Tokyo for cutting back on its energy ties to Iran.
The fourth International Forum on Investment Opportunities of Iran's East Azerbaijan province opened in Tabriz on Saturday. Some 400 domestic and foreign investors from 35 countries participated in the two-day event.
Exchange of technical and commercial experiences, as well as promotion of investment potentials are among the main objectives of the event.
(Source: Agencies)
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