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Article: Iran, China oil deal nearing close.
- Article from:
- United Press International
- Article date:
- February 18, 2004
CopyrightCOPYRIGHT 2004 United Press International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, Feb 18, 2004 (United Press International via COMTEX)
Japan and Iran are ready to close a major oil deal as Japan tries to lessen its dependence on Gulf oil.
The deal was reported last year to be worth $2 billion.
The world's second-biggest oil importer gets almost 90 percent of its oil from the Middle East, mostly from Saudi Arabia and the United Arab Emirates. If the deal with Iran goes through, Japan would have full development rights to Iran's Azadegan oil ...