Energy

Saudi Arabia and UAE Supplied over 50% of Japan's Oil Needs in January

Friday, March 4, 2011

Tokyo- (PanOrient News) Saudi Arabia remained the biggest oil supplier to Japan, exporting 34.28 million barrels, or 27.5% of Japan's total imports in January 2011, according to figures from the Ministry of Economy, Trade and Industry (METI) in Tokyo.

The United Arab Emirates followed in the second place with 28.62 million barrels, or 23% of Japan's crude imports in the same month.

This means that more than half of Japan's needs for crude oil came from two Arab countries, Saudi Arabia and United Arab Emirates.

Qatar, another Arab country, came third with 14.53 million barrels or 11.7% of total Japanese imports.

Iran supplied 10.9% of total Japanese crude oil imports, METI said noting that refiners and trading companies imported 13.55 million barrels of crude oil from that country in January which puts Iran in the 4th place in the list of crude providers to Japan.

Russia came fifth with 7.9 million barrels (6.4%) and Kuwait followed with 7.17 million barrels (5.8%). Japan also imported 3.99 million barrels from Iraq in January, which amounts to 3.2% of total imports.

Arab countries, including Oman, Algeria, Yemen, Sudan and the Saudi-Kuwaiti neutral zone, supplied 94.791 million barrel or 76.2% of total Japanese crude imports.

Japan doesn’t import crude oil from Libya, according to METI officials.

Meanwhile, crude imports form the Middle East amounted to 108.34 million barrels, or 87.1% of total imports in January, METI data showed.

PanOrient News


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