Japan's Fuji Oil plans to resume Iran oil loadings from January -sources

Fuji Oil Co (Shinagawa)

19/11/2018 02:38

TOKYO/SINGAPORE, Nov 19 (Reuters) - Japanese refiner Fuji
Oil Co  5017.T  is set to resume Iranian crude purchases after
Japan received a waiver from U.S. sanctions on Tehran, industry
sources familiar with the matter said.
    The refiner is under discussions to obtain final approval
from the Japanese government for loading starting in January,
the sources said on condition of anonymity due to the
sensitivity of the matter.
    The company is looking to buy South Pars condensate, one of
the sources said. The volumes were unclear, but are seen below 1
million barrels, the source said. 
    Condensate is an ultra light oil processed at splitters,
typically to produce naphtha for petrochemicals.
    

 (Reporting by Osamu Tsukimori in TOKYO and Florence Tan in
SINGAPORE; Editing by Joseph Radford)
 ((osamu.tsukimori@thomsonreuters.com, +813 6441 1857, Reuters
Messaging: osamu.tsukimori.thomsonreuters.com@reuters.net;))