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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

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UAE secured 41.5% of Japan’s crude oil needs in November

The United States wants to see a hike in oil production, including from OPEC countries.
By TRENDS Desk
December 31, 2022 12:23 pm
  • Japan imported a total of 77.53 million barrels in the month, according to the Japanese Ministry of Economy, Trade and Industry
  • Over 95%, originated from six Arab countries: UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman, with the Emirates being the Asian nation's top exporter of oil

Tokyo, Japan – The UAE secured 41.5 percent of Japan’s crude oil needs in November, which is equal to 32.17 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, reported that Japan imported a total of 77.53 million barrels, of which 74 million barrels, or 95.4 percent, originated from six Arab countries: UAE, Saudi Arabia, Kuwait, Qatar, Bahrain and Oman, with the Emirates being the Asian nation’ top exporter of oil.

Oil remains the most significant energy source in Japan, accounting for about 40% of the country’s total energy supply, according to the International Energy Agency.

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