Japan's reliance on Middle East oil rises to 95.1% in 2023

Reuters Images

In total, Japan imported 147.7mln kilolitres of oil last year, down 7% from a year before, with the share of Saudi Arabia and UAE rising to 40.4% and 39% from 38.1% and 37.9%, respectively

Katya Golubkova, Reuters News

January 31, 2024

PHOTO

TOKYO - Japan's reliance on crude oil supplied from the Middle East has increased by 1 percentage point to 95.1% last year, data released by the Ministry of Economy, Trade and Industry showed on Wednesday.

In total, Japan imported 147.7 million kilolitres of oil last year (2.5 million barrels per day), down 7% from a year before, with the share of Saudi Arabia and United Arab Emirates rising to 40.4% and 39% from 38.1% and 37.9%, respectively.

Share of oil imports from Russia fell further to just 0.1% of total crude oil imports by Japan, down from 1.3% from 2022 and 4% in 2021, a year before Moscow invaded Ukraine, triggering western sanctions.

(Reporting by Katya Golubkova; Editing by Sonia Cheema)

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.