Japan imported 22.58 million barrels of crude oil from Saudi Arabia in July, which accounted for 35.7% of the country’s total crude oil imports for the month, according to the Ministry of Economy, Trade, and Industry’s Agency of Natural Resources and Energy. In July, Japan’s total crude oil imports reached 63.32 million barrels. Of this, 61.92 million barrels, or 97.8%, were sourced from Arab countries, including Saudi Arabia, the UAE, Kuwait, Qatar, Oman, Sudan, and the Neutral Zone.
The UAE was the largest supplier, delivering 31.07 million barrels, which made up 49.1% of Japan’s total crude oil imports. Following the UAE, Kuwait, Qatar, Oman, and Sudan contributed 2.22 million barrels (3.5%), less than 0.5 million barrels (0.7%), and 0.2% respectively, amounting to a combined 4.98 million barrels (7.9%). The Neutral Zone between Saudi Arabia and Kuwait supplied 0.7% of Japan’s total crude oil imports.
Japan’s oil import strategy is influenced by various factors. In addition to Arab sources, Japan’s imports in July included oil from Southeast Asia (0.9%), Central and South America (0.9%), the United States (0.2%), and Oceania (0.2%).
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