how we're pressuring Japan to give up a chance at steady supply of oil...
Posted in the current World Media Watch (URL below)
3//Daily Yomiuri Sep 19 2003
http://www.yomiuri.co.jp/index-e.htm IRAN OIL FIELD DEAL AT RISK
Yomiuri Shimbun
SNIP
A consortium of Japanese companies acquired preferential negotiating rights in 2000 to put together a project to develop the Azadegan oil field, one of the world's largest oil reserves, and have been negotiating with Iran over a detailed development program and financial terms in an effort to conclude a formal contract.
However, the United States has asked Japan to delay the contract because of concern that Iran is developing nuclear weapons.
Tehran intends to continue separate talks on the project with Tokyo, but to exclude Japanese companies from the bidding, according to the sources. Observers pointed out that the entry of major foreign oil companies into the bidding was likely to make it very difficult for Japan to secure what was potentially the largest supply of oil the nation has ever had access to.
SNIP
The United States is urging other countries, including Japan, to delay any deal that would be economically beneficial for Iran. However, the oil companies are expected to go ahead with the negotiations despite such requests.
If Japan manages to reach agreement on a contract with Iran before the contractor is chosen by tender, it will increase the likelihood that Japan will be able to secure some role in developing the oil field. However, the Japanese government would be forced to make a difficult decision between the U.S. pressure to halt the negotiation and its own aim to secure a steady supply of oil for the nation.
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