News ID: 254100
Published: 0246 GMT June 11, 2019

Japan remains Iran’s important oil client

Japan remains Iran’s important oil client

Iran’s share in Japan’s oil market is about 4.7 percent, said Abolfazl Roghani Golpayegani, a member of the Iran-Japan Chamber of Commerce.

The official stressed that Japan is one of Iran’s important oil clients, reported

He added that the largest volumes of Iranian oil in 2018 and 2019 were exported to China, Japan and South Korea.

Noting that Japan had previously invested in Iran’s oil and petrochemical projects, Golpayegani said that the visit of the Japanese Prime Minister to Iran could create a number of opportunities.

The official also noted that Japan can invest and supply technology to Iran.

“In turn, Iran can increase trade with Japan in the oil market by petrochemical and other products,” the official said.

As he pointed out, as many as $50 billion foreign investment can be attracted to Iran annually, according to statistics.

Golpayegani expressed the hope that within the framework of the Japanese prime minister’s visit to Iran, banking exchanges between the two countries would be restored.

In the period from March 21 to April 20, Iran exported goods worth $400,000 to Japan, and imported Japanese products worth $2 million.

Japanese Prime Minister Abe Shinzo will visit Tehran today. The visit is aimed at helping encourage dialogue with the US and ease tensions.

During the trip, Abe plans to meet with Iranian President Hassan Rouhani and the Leader of the country, Seyyed Ali Khamenei.


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