End of U.S. sanction waiver on Iran oil to not hurt Taiwan: CPC

Focus Taiwan
Date: 2019/04/22
By: Chiang Chin-yeh, Tsai Peng-min, Wei Shu and Emerson Lim 

Taipei, April 22 (CNA) Waiver exemptions the United States government gave to eight countries to allow them to continue buying oil from Iran despite sanctions will end in early May, but Taiwan’s state-run oil refiner did not expect the move to affect Taiwan.

U.S. President Donald Trump has decided not to reissue waivers regarding sanctions against countries importing Iranian oil when they expire in early May, foreign news services quoted the White House as saying.

This means that countries that continue purchasing crude oil from Iran will face sanctions from the U.S. after the waivers expire on May 2.

State-run oil refiner CPC Corp., Taiwan said it only purchased about 2 million barrels of crude oil from Iran last year and none so far this year, and it did not expect the termination of the sanctions waivers to affect the company.    [FULL  STORY]

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