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Japan wants oil out
- Tuesday, August 22 - 2006 at 06:16
Japan is denying newspaper reports that it wants oil left out of initial economic sanctions on Iran, according to Reuters. Tehran faces sanctions if it fails to stop uranium enrichment. Japan says it will join international sanctions, despite its own energy needs. Japan currently holds the rights to develop Iran's Azadegan field, believed to be one of the largest untapped oil reserves in the world, but negotiations have been deadlocked since 2004.
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James McInerney, News EditorTuesday, August 22 - 2006 at 06:16 UAE local time (GMT+4)
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