Tag Archives | JX Nippon Oil & Energy

Japan Refiners and Banks Resume Iran Trade

By John Lee. Japanese oil refiners have started making oil payments to Iran through the Asian country’s largest lender, the Bank of Tokyo-Mitsubishi UFJ (BTMU). Tokyo lifted sanctions against Iran last month; BTMU can now process Iranian oil payments for Japanese refiners both in the yen and euros, according to Platts. The bank handled most […]