Dubai, UAE – The UAE secured 34.2 percent, or 28.854 million barrels, of Japan’s crude oil needs in January 2023, according to the Agency for Natural Resources and Energy in Tokyo.
The agency, part of the Japanese Ministry of Economy, Trade and Industry, stated that the amount of crude that Japan imported during that month amounted to 84.4 million barrels.
Oil remains the most significant energy source in Japan, accounting for about 40 percent of the country’s total energy supply, according to the International Energy Agency.
Also, UAE together with Qatar is eying investment in African energy sector. This has been revealed ahead of African Energy Dubai which is set for next month. The expo is expected to kickstart a new era of energy sector growth for Africa on the back of cooperation on investment and industry know-how between the UAE and the African stakeholders.
The UAE is one of the largest producers of oil in OPEC, In 2020, the country found a major oil reserve in Abu Dhabi.
The onshore discovery was then estimated to hold 22 billion barrels of unconventional recoverable reserves.
