Japan eyes to invest $10 billion in Iran
Japan is expected to make an investment of some $10 billion in
various sectors of Iran’s economy.
Iran's Deputy Oil Minister for International Affairs and Commerce
Amirhossein Zamaninia has said that several Japanese companies are
studying opportunities to invest in Iran’s oil industry, IRNA news
agency reported.
Japanese are planning to invest in projects for developing Iran’s
oil sector including petrochemicals, refineries, and LNG, he
added.
Japan is after increasing its imports of gas condensates as they
face some restrictions in using crude oil in their country, the
official added.
Japan was among Iran’s main oil buyers importing 338,000 barrels
per day from the Islamic Republic before imposing sanctions on
Tehran in 2012.
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