Exclusive - Japan cuts April Iran oil purchases 77 percent
Reuters / Osamu Tsukimori
18-Apr-2012 (one comment)

Japan will slash its crude purchases from Iran by almost 80 percent in April compared to the first two months of the year as buyers comply with Western sanctions, trade sources said.

The cuts, amounting to 250,000 barrels per day, are the steepest yet by the four Asian nations who buy most of Iran's 2.2 million bpd of exports, as tightening sanctions make it tough to pay, ship and insure the oil.

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Arash Kamangir

Switzerland is not taking sanctions serious

by Arash Kamangir on

We all know that most of iranian earnings from oil is run over Switzerland based ( Naftiran intertrade company Turn over $25billion in 2011 alone) and that is why switzerland continue to do business(as usuall) with IR.