Oil Export to Japan Increases

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Iran's crude exports to Japan in December reached 505,000 bpd, showing a 79,000 bpd increase over the previous month.

According to a report by Japan's Economy and Commerce Ministry, the country's total crude imports in December reached 4.166 million bpd, showing an 8.3 growth over November.

In December, the country's crude imports from the Middle East reached 3.715 million bpd, the report added.

According to Moj News Agency, Saudi Arabia ranked first in terms of exporting oil to Japan. In December 2008, the Arab country's export reached 1.21 million bpd.

United Arab Emirates' exports to Japan stood at 838,127 bpd in December.

Iran's oil exports to Japan also reached 505,802 bpd in the same month.

Saudi Arabia, United Arab Emirates and Iran are the major oil exporters to Japan.

OPECOPEC announced that Iran's crude oil in January increased by $3.05 to reach $39.93 per barrel. In its January 2009 report, OPECOPEC announced that the organization's oil price basket in January 2009 witnessed a $2.92 growth over the previous month (December 2008) and reached $41.52 pb.

Based on the report, Iran's oil in the same month increased by $3.05 and reached $39.93 pb.

Meanwhile, a French TV channel, France 24, reviewed various dimensions of Iran's revolution during the last 30 years, adding that illegal sanctions by the western countries against Iran have been futile.

Despite the US-led sanctions, Iran has expanded ties with various countries, the channel added.

Announcing that Asian companies have replaced western counterparts in trade with Iran, France 24 announced that currently Iran enjoys remarkable ties with China, Russia, Turkey and other important countries of the world.

Sanctions have failed in isolating Iran, the channel concluded.

Meanwhile, Dinar Standard announced that the National Iranian Oil Company (NIOC) ranks second among the top 100 companies in the Muslim world based on their annual revenues.

Saudi Aramco stands at the top of the list with an income of $216 billion in 2007, indicating an 8-percent growth over the previous year.

Like in previous years, the NIOC is ranked second with a revenue of $101 billion in 2007, which has increased by 12 percent compared to 2006.

With a $8.2 billion income, Iran KhodroIran Khodro is the second Iranian company that ranks 24th on the list. Its revenue has also increased by 10 percent in 2007.

Other Iranian companies included in Dinar Standard's list are: Iran Minerals Production and Supply Company with $7.5 billion income ranked 27th, Saipa Automating company with $5.3 billion income ranked 42nd, the National Iranian Petrochemical Company with $4.6 billion income ranked 51st, and Bank Melli with $3.55 billion income ranked 66th.

The total revenues of all 100 top Muslim companies in 2007 increased by 12.3 percent from the previous year.

Based on the number of companies included in the list, Iran ranks 6th along with the UAE, Turkey (with 23 companies) ranks first, and Malaysia (with 14 companies) ranks third.

© Iran Daily 2009