Japan's JX: Iran crude import may stop due to sanction
Few alternatives to Western ship insurance market * Asia asking EU for exemption on insurance ban from July (Adds details) (Reuters) - Japan's top refiner JX Nippon Oil & Energy Corp will not be able to continue importing oil from Iran as tightening global sanctions against the Islamic Republic make it tough to pay for, ship and insure the oil, the company's senior executive said. Japan has already drastically cut loading of Iranian crude since April as its refiners cannot rely on the European reinsurance market to cover tankers. Industry ...
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