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Saudi Arabia , UAE provide 78.1% of Japan’s oil needs

Saudi Arabia & the UAE provide 78.1% of Japan's oil needs in January

Japan imported 65.949 million barrels of crude oil from Saudi Arabia and the UAE during January 2023, according to data from the Energy and Natural Resources Agency of the Japanese Ministry of Trade, Industry, and Economy.


Japan’s oil imports amounted to 84.423 million barrels, and 94.4% of it, or 79.721 million barrels, came from Saudi Arabia, the Emirates, Kuwait, Qatar, Oman, and the neutral zone.


Imports from Saudi Arabia amounted to 37.095 million barrels, or 43.9% of the total in January, followed by the UAE with 28.854 million oil barrels, or 34.2%, then Kuwait with 8.448 million barrels, or 10% of the total, and then Qatar with 3.875 million barrels, or 4.6%. Emirates news “WAM”.


Japan imported from the Sultanate of Oman 998,578 thousand barrels, or 1.2%, and from the Khafji field in the neutral zone, 449,691 thousand barrels of oil, or 0.5%.


The rest of the oil imports came from the US by 2.6%, from Central and South America by 1.6%, from Southeast Asia, specifically from Malaysia and Indonesia, by 0.4%, and from Oceania, by 0.1%.


This came while Saudi Arabia continues to play its main role in supporting the stability of the crude oil market, through direct and indirect international interactions, and works with consumers and producers to become a central bank for energy.

Saudi Arabia signed an agreement to store “millions of barrels” of oil in commercial warehouses in Japan.


According to the Japanese government’s statement, the Japanese Prime Minister informed Prince Mohammed bin Salman that Tokyo, in turn, intends to support industrial diversification in Riyadh and other reform efforts.


Japan is the third largest consumer of oil in the world after China and the US. At the same time, Riyadh topped the largest supplier of crude oil to Saudi Arabia

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