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Saudi crude supplied a third of Japan’s oil needs in May

Japan’s imports of Saudi crude oil in May amounted to 27.10 million barrels, or 33.5 percent of the total in that month, according to the Agency for Natural Resources and Energy of the Ministry of Economy, Trade and Industry.

In April, Japan’s imports of Saudi crude oil were 38.49 million barrels — 43.9 percent of the total.

During May, Japan imported 80.81 million barrels, which was a record high of 94.5 percent, some 76.38 million barrels, provided by five Arab countries: the UAE, Saudi Arabia, Qatar, Kuwait and Oman, according to the data.

Russia remained on the list of Japan’s suppliers of crude oil, with the Japanese government exempting the energy sector from sanctions, but Japanese company imports decreased to 651,848 barrels — 0.8 percent — of the total.

Japan imported 36.21 million barrels from the UAE – 44.8 percent of the total imported in May. Qatar provided 5.559 million barrels (6.9 percent), Kuwait 5.556 million barrels (6.9 percent) and Oman supplied about 1.5 million barrels (1.9 percent).

The remaining imports came from Central and South America (3.8 percent), Southeast Asia (0.3 percent), and Oceania (0.6 percent).

The figures cited represent the quantities of oil that arrived at refineries, tanks and warehouses in ports in Japan during May 2022. Japan uses oil to generate about a third of its energy needs.
Source: Arab News

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