Jan 22, 2016

Japan lifts nuclear sanctions on Iran

Japan on Friday lifted sanctions on Iran, falling in line with major world powers after the United Nations’ Atomic Energy Agency confirmed last weekend that Tehran had fully taken steps to curb its disputed nuclear program. Iran emerged from years of economic isolation when ...

Vietnam warns China over oil rig in disputed waters

Jan 20, 2016

Vietnam warns China over oil rig in disputed waters

Vietnam warned China on Tuesday against drilling in disputed waters in the South China Sea after Beijing steered an oil rig that was the subject of a previous standoff into an area where jurisdiction is unclear. Vietnam closely tracks the movement of the oil ...

Jan 19, 2016

Beijing says Manila exaggerating tensions with aircraft claim

China accused the Philippines on Tuesday of deliberately trying to scare people by saying China had warned a small civilian plane carrying Philippine officials it was trespassing as they inspected an island in the disputed South China Sea. The Philippines said the incident happened ...

Jan 19, 2016

Cosmo Energy to be first Japanese energy firm to import U.S. oil

Cosmo Energy Holdings Co. will begin importing crude oil from the United States in mid-February, becoming the first Japanese firm to do so after the U.S. government lifted a four-decade ban on oil exports in December, industry officials said Tuesday. Washington’s move increases Japan’s ...