Japan imports of UAE oil hit 22.778M in Dec

tokyo — Japan imported 22.778 million barrels of crude oil from the UAE in December, data released by the Agency for Natural Resources and Energy in Tokyo showed.

This accounts for 24.5 per cent of Japan’s total crude imports, the agency that belongs to the Ministry of Economy, Trade and Industry, said. Saudi Arabia provided 39.437 million barrels, or 42.5 per cent of the total.

Meanwhile, Japan imported over six million barrels of crude oil from the United States in December, marking a significant increase that put the US in fourth place in the countries exporting to Japan. According to the Agency for Natural Resources and Energy, American oil amounted to 6.6 per cent of total imports, which constituted 92.8 million barrels in December.

Kuwait provided 5.5 per cent. Oil from Iraq and Bahrain also increased in December to about two million barrels each, or 2.2 per cent of total imports.

Oman and Algeria each provided 0.4% per centof total imports, or some 359,000 barrels, meaning that in total, Arab oil fed 86 per cent of the oil needs of the Japanese economy during the month.

Other providers included Indonesia (1.9 per cent), Russia (1.5 per cent) and Kazakhstan (1.1 per cent). Less than 0.05 per cent each came from Mexico, Malaysia, Vietnam, Australia and Colombia. —