October 1, 2006


Japan to drop aid for oil plan if Iran hit with U.N. sanctions (Kyodo News, 10/01/06)

The government will not provide financial support for the development of Iran's Azadegan oil field if Tehran is slapped with economic sanctions by the U.N. Security Council, according to well-placed sources.

Tokyo is believed to have already conveyed this stance to the United States, which has long opposed the oil development project by Japan's Inpex Corp., the sources said.

It will be difficult for Inpex to finance the $ 2 billion Azadegan project without aid from the government, and the decision is likely to lead to Japan's virtual withdrawal from the oil development project.

The primary question about Japan these days is whether it ought to be considered not just part of the Axis of Good, but actually an Anglosphere state.

Posted by Orrin Judd at October 1, 2006 10:07 AM
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