Arab News, Wed, May 01, 2024 | Shawwal 22, 1445
Saudi Arabia, UAE supplied 85% of Japan’s crude oil in March
Saudi Arabia:
Saudi Arabia and the UAE provided 85 percent of Japan’s total crude oil needs in
March, according to the Agency of Natural Resources and Energy of the nation’s
Ministry of Economy, Trade and Industry.
A further 10 percent of Japan’s needs were from
Arab sources including Kuwait, Qatar, Oman and the Neutral Zone. This means that
the Arab region provided nearly 95 percent of Japan’s needs.
Crude oil represents about a third of Japan’s
energy needs.
Japan imported 32.77 million barrels from the UAE,
or 44.1 percent of total imports, in March. Saudi Arabia’s share amounted to
30.51 million barrels, or 41 percent of total imports.
During March, Japan imported 74.39 million barrels
of oil, of which the Arab share was 94.7 percent, or 70.45 million barrels.
Kuwait provided 5.12 million barrels (6.9 percent)
and Qatar 1.56 million barrels (2.1 percent). Japan imported 0.1 percent from
Oman and 0.6 percent from the Neutral Zone.
With Japan’s ban on importing oil from Iran and
Russia continuing in March, the rest of the country’s oil imports came from the
US (4.1 percent), Central and South America (0.9 percent), and Oceania (0.3
percent).