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Aug 9, 2012

Japan to load 7 million barrels of Iranian crude in Aug

Oil | Iran


TOKYO, Aug 9 (Reuters) - Japanese refiners will load about 7 million barrels of Iranian crude in August, according to two industry sources, up from loadings of 3 million barrels in July. 


Three very large crude carriers, capable of carrying 2 million barrels each, have visited Iranian terminals this month to load oil, according to ship tracking data. The loadings for August represent about 226,000 barrels per day, down about 25 percent from a year earlier and in line with contractual volumes agreed earlier this year.

Japan suspending loadings of Iranian crude in June ahead of a European Union ban on shipping insurance that took effect on July 1.

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