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Asia ready to buy more Iranian oil when sanctions lifted

An All Nippon Airways plane flying over a chimney of an oil refinery in Kawasaki, south of Tokyo; sources say Japan is unlikely to raise its annual imports of Iranian crude because the prices asked are relatively high for the quality of the grades.

New Delhi

ASIAN refiners are set to buy more crude oil from Iran once they receive word on when sanctions will be lifted, expecting Teheran to price its oil competitively as it tries to rebuild market share in an oversupplied market.

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