US, Japan may collide over Tokyo's Iranian oil overtures

05/22/2000
Japan and the US could be headed for a showdown over Japan's plan to improve economic ties with Iran. Japan's Ministry of International Trade and Industry is expecting to open talks soon with Iran to procure more stable crude oil supplies.A ministry official told OGJ the specific agenda has yet to be decided, but the focus of the talks would be on crude supplies and other energy-related topics.MITI's plan to approach Iran was partly attributed to Tokyo-based Arabian Oil Co.'s (AOC) failure earlier this year to renew its 40-year concession at Khafji oil field in the Saudi side of the Neutral Zone between Saudi Arabia and Kuwait. The MITI official noted the loss of the Khafj...
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