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Economy, Energy

Oracle shares up 35%

Huge AI contracts lead to the surge.

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EGA H1 revenue $4.11bn

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UAE secured 40% of Japan’s crude oil needs in October

Iraq's oil revenues reached nearly $9 billion in August.
By TRENDS Desk
December 5, 2022 9:46 am
  • 94.7 percent of 84.58 million barrels imported by Japan originated from five Arab countries: UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman
  • Oil remains the most significant energy source in Japan, accounting for about 40 percent of the country’s total energy supply, according to the IEA

Tokyo, Japan — The UAE secured 40.1 percent of Japan’s crude oil needs in October, which is equal to 33.99 million barrels, 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 crude that Japan imported during that month amounted to 84.58 million barrels, of which 80.10 million barrels, or 94.7 percent, originated from five Arab countries: UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman.

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.

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