Idemitsu, JX, Cosmo Oil Renew Crude Term Contracts With Iran
JX renews term contract to buy 80,000 barrels a day from Iran -- EU sanctions from July 1 to make Iran imports more complicated -- Bank of Tokyo-Mitsubishi freezes transactions with Iran's government (Adds comments from Toyota Tsusho and Cosmo, Showa Shell declines to comment, background) TOKYO (Dow Jones)--Two Japanese refiners said Friday that they had renewed term contracts to buy crude oil from Iran, despite looming sanctions by the European Union, which take effect July 1. JX Nippon Oil & Energy Corp., Japan's largest refiner by ...
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