Nearly 60% of Japan's Oil Imports in June Provided by Saudi Arabia and UAE

Sunday, July 31, 2011

Tokyo- (PanOrient News) Saudi Arabia remained the biggest oil supplier to Japan in June 2011, exporting 27.61 million barrels, or 30.2% of Japan's total imports, according to figures from the Ministry of Economy, Trade and Industry (METI) in Tokyo.

The United Arab Emirates followed in the second place with 26.80 million barrels, or 29.4% of Japan's crude imports in the same month.

Qatar, another Arab country, came third with 9.75 million barrels or 10.6% of total Japanese imports.

Iran supplied 6.4% of total Japanese crude oil imports, METI said noting that refiners and trading companies imported 5.83 million barrels of crude oil from that country in June which puts Iran in the 4th place in the list of crude providers to Japan.

Kuwait came fifth with 5.2 million barrels (5.9%.)

Arab countries, including Oman, Yemen, Sudan and the Saudi-Kuwaiti Neutral Zone, supplied 72.84 million barrel or 79.7% of total Japanese crude imports.

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

Meanwhile, crude imports form the Middle East amounted to 78.68 million barrels, or 86.1% of total imports in January, METI data showed.

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