- ARAB NEWS
- 03 Dec 2024
Since 1975
TOKYO: Japan’s imports of Saudi oil in Oct. 2024 amounted to 27.80 million barrels, representing a significant 41.8 percent of the total, as reported by the Japanese Ministry of Economy, Trade, and Industry’s Agency of Natural Resources and Energy.
During Oct., Japan imported 66.53 million oil barrels, of which the Arab share was 97.8 percent or 65.06 million barrels.
The strategic importance of Arab countries in Japan’s energy security is highlighted by their significant contribution to Japan’s oil imports. The main contribution was from four Arab countries—the United Arab Emirates, Saudi Arabia, Kuwait, and Qatar—as well as the Neutral Zone.
The UAE emerged as the largest supplier, providing 31.80 million barrels, which accounted for 47.8 percent of the total imports. Qatar, Kuwait followed, contributing 2.7 million barrels (4.1 percent), 2.04 million barrels (3.1 percent), respectively. The Neutral Zone between Saudi Arabia and Kuwait, a smaller supplier, provided 1.1 percent of Japan’s total imports.
Japan’s geopolitical decisions continue to shape its oil imports. With the ongoing ban on importing oil from Iran and Russia, the rest of its oil imports in October were sourced from Central and South America (0.9 percent), Southeast Asia (0.8 percent), Oceania (0.3 percent) and the United States of America (0.2 percent).
