Khaldon Azhari, Tokyo
Japan imported 27.64 million barrels of crude oil from Saudi Arabia in October or 32.3% of the total amount Japan imported in that month, data released by the Agency of Energy and Natural Resource in Tokyo showed.
In October, Japan also imported 32.24 million barrels or 37.6% from the UAE, which represented the highest amount from one country in the reported month.
Oil imports from Kuwait accounted for 8 million barrels or 9.4% of the total.
Qatar provided 6.35 million barrels or 7.4%, while Russia provided 3.64 million barrels or 4.2%.
Less crude oil was imported from other Arab countries such as Iraq (2.2% of the total), Bahrain (1.5%) Oman (1.2%) and Algeria (0.8%).
With that, Arab oil accounted for 79.15 or 92.4%, of Japan’s petroleum needs in October. This makes Arab oil so crucial to the Japanese energy needs. Crude oil provides around 35% of energy needed to generate the third biggest economy in the world.
Russia provided the highest amount of non-Arab oil in October, 4.2% of the total amount. The remaining nearly 4% of imports came from Kazakhstan, Angola, Vietnam, Australia and Malaysia.