Japan refiners tap more oil from Middle East to replace Iran supply
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TOKYO/SINGPORE (Reuters) - Japanese refiners are tapping more oil from the Middle East after the United States ended all waivers from sanctions on Iran starting from this month. Fuji Oil Co bought 1.5 million barrels of Oman crude, Banoco Arab Medium from Bahrain, and Upper Zakum, an Abu Dhabi grade, to load in June in a spot tender held last month, according to trade sources. "Alternative supplies to Iranian oil for Japan are likely to come mainly from the Middle East given the existing supply..