Taiwan hopes for Iran oil sanction waiver
Taiwan was waiting to see whether it was one of the ‘eight jurisdictions’ expected to receive waivers to continue buy oil from Iran despite sanctions from the United States.
Donald Trump is scheduled to reimpose measures against Iran’s energy, shipping, shipbuilding and financial sectors on November 5, but eight countries were expected to be left out, reports said Saturday.
No names had been mentioned, but Japan, South Korea, India and maybe China were expected to be included.
Taiwan’s state oil company, CPC Corporation, Taiwan, said it had not received any information about the island country’s fate, but a waiver would be positive, especially since it would help with the diversification of oil sources. Taiwan needs to import virtually all of its gas and oil from overseas.