Kuwait Becomes Japan’s Third Crude Oil Provider

Kuwait Becomes Japan’s Third Crude Oil Provider

Kuwait became Japan’s third-biggest crude oil supplier in April 2017, providing 257,000b/d, Hellenic Shipping News reported.

The Japanese Natural Resources and Energy Agency revealed in a preliminary report that Kuwait’s crude oil exports to Japan fell by 10.5% since 2016, down for the third consecutive month,  Kuwait News Agency stated.

The oil-producing country supplied 7.3% of the Asian country’s total crude imports to overtake Qatar.

Japan overall imports of crude oil increased by 1.8% year-on-year to be 3.53mb/d, which is the first expansion in three months.
Shipments from the Middle East accounted for 84% of the total oil imports, down 3.6% points from the previous year.

Saudi Arabia remained Japan’s top oil provider, but imports from the kingdom slid by 2.6% from a year earlier to be 1.39mb/d. The United Arab Emirates is the second provider as it exports 833,000b/d to Japan. Qatar ranked fourth with 247,000b/d and Russia fifth with 220,000b/d, respectively.

Japan is the world’s third biggest consumer of oil after the US and China.

Login

Welcome! Login in to your account

Remember me Lost your password?

Don't have account. Register

Lost Password

Register