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UAE secured 44.1% of Japan’s crude oil needs in February

The total amount of crude that Japan imported during February this year amounted to around 71 million barrels

By Staff Writer
OPEC
Saudi Arabia has announced that it will extend its voluntary cut of 1 million barrels per day, which has been in place since July

The UAE secured 44.1 percent – or 31.3 million barrels – of Japan’s crude oil needs in February 2024.

The total amount of crude that Japan imported during February this year amounted to around 71 million barrels, of which, 68.74 million barrels – or 96.7 percent – originated from five Arab countries: UAE, Saudi Arabia, Qatar, Kuwait, and Oman, according to the Agency for Natural Resources and Energy in Tokyo.

The agency is part of the Japanese Ministry of Economy, Trade and Industry.

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Nicole Abigael

Nicole Abigael is a reporter for Arabian Business, a journalist with a knack for unravelling intricate stories across several topics including but not limited to economics, politics, business, entrepreneurship,...