Focus Taiwan
Date: 2018/11/06
By: Liao Yu-yang and Frances Huang
Taipei, Nov. 6 (CNA) A waiver exempting Taiwan from sanctions on Iranian oil imposed by 
The United States has granted Taiwan a six-month waiver on oil imports from Iran, an MOEA official said, indicating that the U.S. government realized through effective communications that Taiwan needed time to find alternative sources of supply.
Lining up alternative oil sources will be very important to Taiwan because of its economy’s dependence on energy imports, even if crude oil imports from Iran represent only a small fraction of the total, the official said.
According to state-run oil company CPC Corp. Taiwan, which is supervised by the MOEA, crude from Iran has accounted for 2-3 percent of its total purchases so far this year, far behind 23 percent from the U.S., 23 percent from Saudi Arabia and 19 percent from the United Arab Emirates. [FULL STORY]