CORRECTED-Japan Oct crude imports from Iran fall 40.2 pct y/y

Reuters Middle East

(Corrects reference to September from October in last


TOKYO, Nov 30 (Reuters) - Japan's crude oil imports from

Iran in October fell 40.2 percent from a year earlier, data from

the trade ministry showed on Friday, as Western sanctions kept

Japanese refiners from shipping from the Middle Eastern country.

The Islamic Republic is under intense pressure from U.S. and

European trade and financial restrictions imposed over its

disputed nuclear programme.

The sanctions have led to a sharp drop over the past year in

its oil exports, a major source of revenue for Tehran. Iran's

state budget for the next fiscal year may assume exports of just

1 million barrels of oil a day, according to a report by the

semi-official Fars news agency this week, about half volumes

shipped in 2011.

Japan, the world's third-biggest oil consumer, imported

773,542 kilolitres (156,949 barrels per day) of Iranian crude

last month, compared with 891,300 kl (186,870 bpd) in September,

according to data from the Ministry of Economy, Trade and

Industry (METI).

(1 kl=6.2898 barrels)

(Reporting by Risa Maeda; Editing by Michael Urquhart)

By using Yahoo you agree that Yahoo and partners may use Cookies for personalisation and other purposes