Japan to Resume Export of Russian Oil

The OPEC General Secretariat in Vienna said with reference to sources in the Japanese "Nippon Oil Corp." that if the USA launched a military operation against Iraq, deliveries of crude oil from the Middle East to Japan would be reduced or even stopped. That is why the Japanese "Nippon Oil Corp." intends to resume export of Russian oil.

Japan has not been getting oil from continental Russia since 1978 when the Japanese "Idemitsu Kosan Co" broke off oil contracts with the Soviet Union. A new transaction will be concluded between Moscow and Tokyo according to which Russian oil from Sakhalin and from Siberian oilfields will be exported to Japan.