12 June 2012 10:16 [Source: ICIS news]
"In response to media queries on the latest US press statement of 11 June 2012 regarding the significant reductions of Iranian crude oil purchases, Singapore would like to confirm that Singapore and the US are having constructive discussions on the import of Iranian crude oil and for an exception to the sanctions,” the MFA said in a statement.
US Secretary of State Hillary Clinton on Monday announced that
In March this year, the
Under a new US law introduced in December last year, countries have until 28 June this year to significantly cut oil imports from Iran, or risk being cut off from the US financial system.
The aim of the sanction is to halt
Singapore imports crude from Iran for fuel oil blending, with the majority of the crude supply going to Shell’s refinery at Bukom Island, according to a Singapore-based trader.
No Iranian crude oil was imported into
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