Arab News
Arab News, Sun, Feb 02, 2025 | Shaaban 3, 1446
Saudi Arabia provides 39.4 percent of Japan’s oil imports in December
Saudi Arabia:
Saudi Arabia provided Japan with 39.4
percent of its oil imports in December 2024, amounting to 31.05 million
barrels, according to figures released by the Japanese Ministry of Economy,
Trade and Industry’s Agency of Natural Resources and Energy.
Japan imported 78.85 million barrels of oil in
December, of which the Arab share was 96.3 percent or 75.94 million barrels.
Arab countries continued to supply
a significant proportion of Japan’s oil imports, with most coming
from five sources: the UAE, Saudi Arabia, Kuwait, Qatar and Oman.
The UAE emerged as the largest supplier, providing
35.97 million barrels, which accounted for 45.6 percent of the total imports.
Kuwait, Qatar and Oman followed, contributing 5 million barrels (6.3 percent),
3.41 million barrels (4.3 percent), and about 0.5 million barrels (0.6
percent), respectively.
Japan’s oil imports continue to be affected by
geopolitical policies. With the ban on importing oil from Iran and Russia, the
rest of its oil imports in December were sourced from Central and South America
(1.8 percent), the US (1.3 percent), Oceania (0.4 percent) and Southeast Asia
(0.2 percent).