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Japanese refineries have put a halt on imports of Iranian oil after buying 15.3 million barrels between January and March ahead of the end of a temporary waiver on U.S. sanctions, according to industry sources and data on Refinitiv Eikon.
The waiver, which allowed Japan to buy some Iranian oil for another 180 days, expires in early May. However, Japanese refiners want to ensure enough time for all cargoes already loaded to arrive in Japan and for payments to be completed.
“We think it would be difficult to keep on lifting Iranian oil after March,” a Fuji Oil spokesman said, noting that banks and insurance companies want to make sure all the transactions and deliveries are done well before the waivers expire.
Last oil arrives early in April
The last Iranian oil cargo on supertanker Kisogawa is expected to arrive at Chiba, Japan, April 9, the data showed. The United States last year demanded that nations cut all Iranian oil imports when it reimposed sanctions on the country’s petroleum sector Nov. 4 over Tehran’s nuclear program. However, Washington granted temporary exemptions to Iran’s biggest oil clients: Japan, China, India, South Korea, Taiwan, Italy, Greece and Turkey.
Refiners in Japan, the world’s fourth-biggest oil consumer, had stopped loading Iranian oil by mid-September, and only resumed loading in late January after banks received government assurances about processing payments to Iran.
Japan has loaded 15.3 million barrels of Iranian crude in the first three months of this year, which is equivalent to 86,430 barrels per day (bpd) during the six-month waiver period, according to Refinitiv data and Reuters calculations.
This represents a 33 percent drop from an average of 129,300 bpd that Japanese companies lifted between January and September last year before the sanctions kicked in, Refinitiv data showed.
The drop was more than the 20 percent reduction in supplies that Washington was said to have sought from each country over the six-month waiver period.
More oil from US, Russia Mideast
Japan has increased imports from the Middle East, Russia and the Americas as its Iranian imports fell, according to government data.
Japanese refiners have been pushing the government to seek an extension of the U.S. sanctions waivers after the initial exemption period expires.
Japanese officials and their U.S. counterparts met earlier this month in Washington to discuss the U.S. sanctions.
“I think the waiver could be extended, but maybe for a smaller volume and for a smaller number of countries,” said Takayuki Nogami, chief economist at Japan Oil, Gas and Metals National Corp.
“If the U.S. government does not extend the waiver, it could push crude oil prices up significantly as the gasoline season approaches and it could hurt Trump’s reputation,” he said. On Wednesday, Japan extended state-backed insurance to cover imports of oil from Iran for another year. (VOA)
Today marks the 114th birth anniversary of Harivansh Rai Bachchan, a renowned Indian poet. He is popularly known for his poem ‘Madhushala’.
Early life of Harivansh Rai Bachchan
Harivansh Rai Bachchan was born on the same date in 1907 in the village of Bahupatti, United Provinces of Agra and Oudh in British India. From the year 1941 to 1957, he taught English at the Allahabad University, and after that, Bachchan spent the next two years at St. Catharine’s College, Cambridge, completing his PhD W.B. Yeats. Interestingly, when Harivansh Rai started writing, instead of using his real surname, Shrivastava, he started using Bachchan.
Career of Harivansh Rai Bachchan
It must be noted that Harivansh Rai Bachchan was well fluent in many languages including Hindustani and Awadhi. Though, Bachchan did not know how to read Persian script, still he was very much influenced by Persian and Urdu poetry. Omar Khayyam was one such personality who influenced Bachchan big time. Some of the most celebrated works of this stalwart are Madhushala (1935-36), Agneepath, Khadi Ke Phool (1948), Dhaar Ke Idhar Udhar (1957), Jal Sameta (1973), etc. Bachchan was awarded with the esteemed Padma Bhushan in the year 1976.
So, on the occasion of 114th birth anniversary of one of the greatest poets of India, we must pay a heartfelt tribute to the legendary Harivansh Rai Bachchan for leaving behind his golden words!
Keywords: India, Artists, Poets, Harivansh Rai Bachchan, Literature.
The Yogi Adityanath government in Uttar Pradesh is setting up industrial corridors along both sides of Lucknow-Faizabad-Gorakhpur four-lane national highway within the 65 km periphery of the Ayodhya Development Authority's (ADA) jurisdiction.
The industry hub, spread over 100 acres, will form part of Ayodhya Master Plan-2031 that is being prepared by the ADA.
According to ADA Vice Chairman Vishal Singh, the master plan is expected to be finalised next month and will be sent for state government's approval.
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Unlike other development projects, the ADA will not acquire land from farmers.
"Industrialists will directly buy plots from land owners and ADA will provide infrastructure. The industrial hub will cover an area of 100 acres," he said.
The new master plan extends from the Ring Road with proposed industrial corridors along both sides. Around 114 development projects approved by the state government have been incorporated in the master plan.
Amid construction of the Ram temple, Ayodhya is undergoing a makeover with modern infrastructure and facilities. The town soon will have grand gates called 'Ram Dwaars' at all entry points along with gardens with invoking the ambience of 'Treta Yug'.
another proposal to include villages of Basti and Gonda districts under the ADA.Unsplash
Also read: Ram Mandir to be built in Ayodhya by 2022
Principal secretary, housing and urban development Deepak Kumar said that project deadlines will be met on a war footing.
There is another proposal to include villages of Basti and Gonda districts under the ADA. (IANS/PR)
Keywords: Ayodhya, Industrial area, Development projects
The Singara or Beautiful Chennai turned into Venice with roads waterlogged and several homes getting inundated owing to the heavy rains that poured throughout Friday night and Saturday morning.
The rains and the subsequent inundation have put normal lives out of gear in the city.
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The weather department has warned of more rains issuing a red alert for several districts including Chennai, one of the smart cities.
More than 20 districts in Tamil Nadu experienced continuous rains.
The government has declared a holiday for educational institutions in 23 districts on Saturday.
Several localities in Chennai went under water and subways have been closed for traffic due to flooding.
Traffic has been diverted in several places due to waterlogged roads.
With increased water inflow, the shutters of the Chembarambakkam lake were raised to let out surplus water.
In the districts, several acres of paddy fields went under water damaging the crops.
Fishermen have been advised not to venture into the sea.Unsplash
Also read: record rainfall cripples life in Chennai
Meanwhile the weather department has predicted heavy rains for Chennai, Tiruvallur, Kancheepuram, Chengalpattu, Tenkasi, Tirunelveli and Thoothukudi districts.
Fishermen have been advised not to venture into the sea.
Chief Minister M.K. Stalin is expected to meet Governor R.N. Ravi to brief him about the measures to mitigate the problems faced by the people due to heavy rains. (IANS/PR)
Keywords: Chennai, red alert, M.K Stalin