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2014-04-18 18:12:00

JAPAN PAYS $1B

JAPAN PAYS $1B

Japan made two more payments to Iran for crude imports that were scheduled under an interim nuclear deal, two sources with knowledge of the transactions said, in return for Tehran's moves to reign in its disputed nuclear programme.

Iran's central bank had received the payments from Japan, one source said. A second source confirmed Japan had made the transfers.

The payments totalled $1 billion, with one instalment of $550 million due on April 10 and the remainder on April 15, according to a schedule for the transfers on a U.S. Treasury fact sheet.

Japan's finance ministry and central bank have declined to comment on the payments.

The fourth and fifth payments mean Iran has received $2.55 billion in frozen oil funds, with all but one payment coming from Japan. South Korea made the other payment.

Under a Nov. 24 agreement with six major powers, Iran won access to $4.2 billion of its oil revenues frozen abroad by eight money-transfer schedules through July if it carried out its part of the deal to curb its nuclear programme.

A senior Iranian official told the official IRNA news agency on Tuesday that Tehran expected to get the fifth instalment of the frozen funds this week, signalling the country was in compliance with its obligations under the November agreement.

reuters.com

Tags: IRAN, OIL, JAPAN

Chronicle:

JAPAN PAYS $1B
2018, January, 19, 12:15:00

S.KOREA'S DIVERSIFICATION

PLATTS - For full-year 2017, South Korea's crude imports from its biggest supplier Saudi Arabia fell 1.7% to 319.02 million barrels, compared with 324.45 million barrels in the previous year, customs data showed. On the contrary, South Korea has imported 1.77 million mt, or around 13 million barrels, of crude from the US in 2017, about four times higher than in 2016. Shipments from Russia grew to 140,000 b/d last year from 112,000 b/d in 2016.

JAPAN PAYS $1B
2018, January, 19, 12:10:00

ADNOC'S 2030 STRATEGY

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JAPAN PAYS $1B
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TOSHIBA SELLS WESTINGHOUSE

WNN - Under the terms of the assignment and purchase agreement it has signed with Nucleus and Brookfield, Toshiba will sell its rights to assert claims against Westinghouse related to the parent guarantees in the amount of $5.788 billion, and on account of other claims Toshiba holds against Westinghouse in the amount of $2.284 billion to Nucleus, for the sale price of $2.160 billion.

JAPAN PAYS $1B
2018, January, 17, 23:50:00

OIL PRICES: NOT ABOVE $70 YET

REUTERS - Brent crude futures LCOc1 were at $69.23 a barrel at 0808 GMT, up 8 cents from their last close, but down from a high of $69.37 earlier in the day. Brent on Monday rose to $70.37 a barrel, its highest since December 2014, the start of a three-year oil price slump. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.84 a barrel, down from a high of $63.89 earlier, but up 11 cents from their last settlement. WTI hit $64.89 on Tuesday, also the highest since December 2014.

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