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U.S. urges allies to shun Iranian crude
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SPECIAL TO WORLD TRIBUNE.COM
Wednesday, August 3, 2005
WASHINGTON — The United States has urged its allies to reduce
purchases of crude oil from Iran.
Instead, the Bush administration has recommended that U.S. allies turn
to Saudi Arabia for crude oil supplies. Officials said Western dependency on
Iranian oil would hamper the effort to halt Teheran's nuclear weapons
program.
So far, Japan has decided to increase oil purchases from Saudi Arabia.
Japan's Showa Shell Sekiyu KK has signed a contract with Saudi Aramco to
double oil exports to 300,000 barrels per day, Middle East Newsline reported.
Japan has been a leading client of Iranian oil. Showa Shell said it also
plans to reduce imports from Kuwait, Oman and the United Arab Emirates, but
would keep buying crude from Iran.
Copyright © 2005 East West
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