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Toyota Tsusho Corporation

Toyota Tsusho Corporation

Industry: 
Energy
Value of USG Contracts: 
125
Symbol: 
TYO:8015
Country: 
Japan
Sources: 

"JX Nippon Oil & Energy Corp, one of Japan's biggest lifters of Iranian crude, has renewed its annual term oil purchase volumes from Tehran for 2016, senior company officials said on Tuesday. JX Nippon Oil, a core unit of JX Holdings, kept its volume 'unchanged' in the new term contract starting this month, one of the officials said... Showa Shell Sekiyu and trading houses Toyota Tsusho and Mitsubishi Corp also buy Iranian oil regularly." (Reuters, “Japan's JX renews Iran term crude contracts for 2016 –sources,” 1/5/2016)

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"The act prohibits Mississippi from doing business with entities having certain financial investments in Iran. Among such companies cited by other states with similar laws is Toyota Tsusho, because it purchases Iranian crude oil under a special exclusion from the US National Defense Authorization Act." (Clarion-Ledger, "Senate kills Iran Divestment Act, citing Toyota concerns," 2/16/15)

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"Besides Mitsubishi, another trading house, Toyota Tsusho has been also lifting Iranian crude since April for the top two buyers, the sources added."  (Reuters, "Japan's Mitsubishi renews Iran oil imports deal," 6/22/12)

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" In 2009, Iran exported about 421,000 bpd of crude to Japan. It was overtaken by Qatar, however, as Japan's third-largest crude supplier.  Many of Japan's top refiners buy Iranian crude, including Showa Shell Sekiyu (5002.T), Nippon Oil (5001.T), Japan Energy, Cosmo Oil (5007.T). Trading house Toyota Tsusho (8105.T) also has a deal to buy crude from the Islamic republic." (Reuters, "Iran's crude export and fuel import customers," 4/13/2010)