Home / Commodities / Freight News / UAE oil accounts for 20 pct of Japanese oil imports

UAE oil accounts for 20 pct of Japanese oil imports

Japan imported from the United Arab Emirates (UAE) 19.149 million barrels of crude oil in May, 2018, official WAM reported on Saturday citing data released by Japanese Agency of Energy and Natural Resource in Tokyo.

Japanese oil imports from the UAE accounted for 20.7 percent of its total crude imports, which reached 92.401 million barrels in the month, according to the report.

Earlier in February this year, the UAE’s government-controlled Abu Dhabi National Oil Company, known as ADNOC, signed an agreement with Japan’s INPEX Corporation, awarding the company a 10 percent interest in Abu Dhabi’s offshore Lower Zakum concession in the Persian Gulf.
Source: Xinhua

Leave a Reply

Your email address will not be published. Required fields are marked *



Please enter the CAPTCHA text

Recent Videos

Hellenic Shipping News Worldwide Online Daily Newspaper on Hellenic and International Shipping