Iran asks Japan to pay yen for crude oil
Iran has asked Japanese buyers of its crude oil to switch payment to the yen from dollars as it faces growing pressure from the West over its nuclear programme, a customer said.
'Our company received a document from Iran asking Japanese lifters to switch the payment to the Yen earlier this week,' the customer said.
The source was not aware when the company would switch the payment currencies.
Iran had informally asked its Japanese customers to switch to non-US dollars several times since late last year.
But it was the first time for Japanese customers received an official written notification for the switch to yen, the source said.
Tehran has been seeking to limit dollar-denominated trade as Washington leads efforts to isolate the Islamic Republic over its atomic programme.
Washington has slapped sanctions on two Iranian banks. UN sanctions have targeted one.
Iran is the fourth largest oil supplier to Japan, shipping 323,000 barrels of crude per day in May, according to Japanese government data.
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Saturday, July 14, 2007
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1 comment:
Iran cannot just sit down and its people suffer.They have to look for other alternatives.
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