Nippon Oil to Cut Iran Imports 15 Pct in 2006

Japan’s largest refiner, Nippon Oil, said it will reduce its imports from Iran by 15 pct in 2006, citing the increased risk of doing business with that country, according to a report in the Financial Times.

Nippon Oil chairman Fumiaki Watari was quoted as saying in Tokyo: ‘We have started reducing the percentage of Iranian crude and (are) shifting to other grades,’ he said in Tokyo. ‘Risks related to the country are getting higher.’
Forbes