TOKYO, thirtieth December, 2024 (WAM) — Japan’s oil imports from the UAE amounted to 27.16 million barrels, representing 38.2 p.c of complete imports in November 2024, in keeping with knowledge from the Agency for Natural Resources and Energy beneath Japan’s Ministry of Economy, Trade and Industry.
In the identical month, Japan imported roughly 71.18 million barrels of oil, with Arab oil accounting for 95.1 p.c, or 67.72 million barrels, sourced from three Arab nations along with the UAE: the Kingdom of Saudi Arabia, Kuwait, and Qatar, in addition to the Neutral Zone (on the border between Kuwait and Saudi Arabia), the info revealed.
Japan imported 31.49 million barrels from Saudi Arabia, accounting for 44.3 p.c of complete imports, adopted by roughly 5.19 million barrels from Kuwait at 7.3 p.c, 3.42 million barrels from Qatar at 4.8 p.c, and 0.6 p.c from the Neutral Zone.
Notably, imports from the UAE and Saudi Arabia accounted for 82.5 p.c of Japan’s complete oil imports in November 2024, underscoring the importance of each nations in guaranteeing Japan’s vitality safety.
The the rest of Japan’s oil imports got here from Central and South America (1.8 p.c), the United States (1.7 p.c), Australia (0.9 p.c), and East Asia (0.4 p.c), reflecting a historic enhance in Japan’s reliance on Arab oil. Meanwhile, sanctions on Russian and Iranian oil continued, with Japanese firms aligning with US insurance policies.
The reported figures symbolize the portions of oil delivered to refineries, tanks, and storage amenities at Japanese ports throughout November 2024.