July 30, IFIF public relation- Japan is keen on having active presence in Iran`s oil industry and investing $10 billion in different economic sectors.

Evaluating the investment situation in Iran, Japanese companies are to invest in different parts of Iran`s oil industry such as petrochemicals, refineries and LNG sectors and Tokyo is trying to purchase Iran`s gas condensate recently.

According to the Japanese Minister of Economy, Trade and Industry, Iran`s crude oil exports to Japan raised by 61% in May from the previous year.

Before the sanction, Iran hosted several major Japanese companies in its oil and gas projects and exported 338,000 bpd of oil to Japan in 2012.

Asian`s imports of Iranian oil have surged unexpectedly after the removal of western imposed sanctions.