TOKYO: The Agency of Natural Resources and Energy, part of the Ministry of Economy, Trade, and Industry of Japan, reports that in March, the UAE and Saudi Arabia supplied 85% of the country’s total petroleum demands.
The Neutral Zone, Kuwait, Qatar, Oman, and other Arab nations provided an additional 10% of Japan’s needs. Accordingly, almost 95% of Japan’s demands were met by the Arab world. A third or so of Japan’s energy demands are met by crude oil.
In March, 44.1 percent of Japan’s total imports came from the UAE, totaling 32.77 million barrels. Saudi Arabia had the lion’s share with 30.51 million barrels or 41% of all imports.
Japan bought 74.39 million barrels of oil in March; the Arab portion accounted for 94.7 percent of this total, or 70.45 million barrels. 1.56 million barrels (2.1 percent) and 5.12 million barrels (6.9 percent) from Qatar and Kuwait, respectively. Japan imported 0.6% from the Neutral Zone and 0.1% from Oman.
The rest of Japan’s oil imports come from the US (4.1 percent), Central and South America (0.9 percent), and Oceania (0.3 percent). As of March, the country’s ban on buying oil from Iran and Russia was still in effect.
Also Read:
Judge Fines Trump US$9,000 for Breaking a gag Order and issues a Jail Threat.
Outside of the US, Cows may contract Bird Flu, According to WHO
