TOKYO, June 15 (Reuters) - Japan's lower house passed a bill on Friday to provide government guarantees on insurance for Iranian crude cargoes, a key step towards it becoming the first of Iran's big Asian oil buyers to get round new European Unionsanctions.
The bill will now be sent to the upper house, where opposition parties have the majority but have signaled their support. It will become law by around June 27 if passed before the current parliamentary session ends next Thursday, said a government official who requested anonymity.
The Japanese government, which has succeeded in getting a waiver from U.S. financial sanctions, wants to provide coverage of up to $7.6 billion for each tanker carrying Iranian crude bound for Japan in the event of accidents.
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