UAE Emerges as Major Supplier, Fulfilling Nearly Half of Japan’s Crude Oil Requirements
Abu Dhabi, The Gulf Observer: The United Arab Emirates (UAE) solidified its position as a key provider of crude oil to Japan, securing 44.1 percent of the country’s crude oil needs in February 2024, according to the latest data released by the Agency for Natural Resources and Energy in Tokyo.
The agency, operating under the purview of the Japanese Ministry of Economy, Trade and Industry, disclosed that Japan’s crude oil imports during the specified period amounted to approximately 71 million barrels. Notably, the UAE played a pivotal role in meeting Japan’s energy demands, supplying a significant share of crude oil to the nation.
With an allocation of 31.3 million barrels, the UAE emerged as the leading contributor to Japan’s crude oil imports, underscoring the strength of the bilateral energy partnership between the two nations.
The data further revealed that a substantial portion of Japan’s crude oil imports, accounting for 96.7 percent, originated from five Arab countries, namely the UAE, Saudi Arabia, Qatar, Kuwait, and Oman. Together, these nations constituted the primary suppliers of crude oil to Japan during the specified period, highlighting the significance of the Arab region in meeting Japan’s energy requirements.
The UAE’s robust performance in fulfilling Japan’s crude oil needs reaffirms the country’s stature as a reliable and strategic energy partner on the global stage. Against the backdrop of evolving energy dynamics, this development underscores the UAE’s continued commitment to meeting international energy demands and fostering mutually beneficial relationships with key global stakeholders, including Japan.
