Economics
Japan’s Oil Imports From Iran Rise to Highest Since March 2012
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Japan’s crude imports from Iran rose 16 percent in February from a year earlier to the highest level since March 2012, boosting its intake despite sanctions against the Middle Eastern nation.
Oil purchases last month climbed to 1.43 million kiloliters, or about 321,000 barrels a day, up from 1.23 million kiloliters in February 2012, according to data today from the Ministry of Finance. Imports were up 67 percent from 857,700 kiloliters in January, according to the data. Shipments from Iran in March 2012 were 1.75 million.