Arab Oil Provided Nearly 90% of Japan’s Crude Needs in April

Saturday, June 2, 2018

View of Tokyo

By Khaldon Azhari
Tokyo - PanOrient News. Japan imported 88.4% of its crude oil needs from Arab countries in April 2018, signifying the region’s importance as a major hub for the energy moving the Japanese economy.

Data released by the Tokyo-based Agency for Natural Resources and Energy showed that Japan’s total crude imports of 96.607 million barrels in April came in large part from Saudi Arabia, which provided 40.3% of crude imports at 38.933 million barrels. The second-largest provider was the United Arab Emirates at 27.9%, or 26.944 million barrels.

The agency, which belongs to the Ministry of Economy, Trade and Industry, said oil from Kuwait and Qatar accounted for 9.1% and 6% of crude imports, respectively.

Arab oil totaled 85.415 million barrels in April, and also included 2.1% of total crude imports from Iraq, 1.6% from Bahrain, and 1.5% from Oman.

Meanwhile, oil from Russia came to 5.037 million barrels during the month, while imports from Iran dropped significantly to 927.238 thousand barrels.

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