Japan's crude oil imports from Iran fell 36.4 per cent in March from a year earlier as Western sanctions take a toll on exports from the Islamic republic, data from the Japanese Ministry of Economy, Trade and Industry (METI) showed on Friday.
Royal Dutch Shell and other oil companies are taking less Iranian crude because of poor economics and the difficulty of making financial transactions with Tehran, industry sources said.
The lower sales coincide with a build-up of Iranian c
India's top privately run refiner Reliance Industries will not renew a contract to import crude oil from Iran for financial year 2010, two sources familiar with the supply deal said on Thursday.
The company did not purchase any crude from