Japan's November oil imports rise 10.8% on year

Eric Watkins
OGJ Oil Diplomacy Editor

LOS ANGELES, Dec. 29 -- Japan's Natural Resources and Energy Agency (NREA) said the country’s imports of crude oil in November rose 10.8% from a year earlier to 122.09 million bbl.

It also marked the first sequential increase in 2 months, officials said.

Oil shipments from the Middle East accounted for 86.2% of Japan’s total imports, down 3.8%, said NREA, a division of the Ministry of Economy, Trade, and Industry.

Saudi Arabia remained Japan's chief supplier of oil, exporting 38.24 million bbl, down 0.4%. The UAE followed with 22.14 million bbl, down 3.8%, while Qatar, which supplied 15.1 million bbl, rose 24.6%.

NREA earlier reported Japan’s oil imports in October fell 5.8% from a year earlier to 105.23 million bbl, marking the first decline in 4 months.

It said oil shipments from the Middle East still accounted for 86.3% of total imports, down 3.5%.

Saudi Arabia remained Japan’s biggest oil supplier, exporting 28.12 million bbl, down 4.5%; with the UAE second at 22.33 million bbl, down 19.3%; followed by Qatar, with 11.01 million bbl, down 20.1%.

According to the US Energy Information Administration, Japan was the second-largest net importer of oil in the world after the US in 2009, having imported about 4.7 million b/d.

“Japan is currently looking towards Russia, Southeast Asia, and Africa to geographically diversify its oil imports,” EIA said, adding 80% of Japanese oil imports originate in the Middle East, up from 70% in the mid-1980s.

Contact Eric Watkins at hippalus@yahoo.com.

Related Articles

ETP unit gets FERC approval for gas exports to Mexico

03/21/2014 Energy Transfer Partners LP unit Houston Pipe Line Co. LP (HLPC) has received approval from the US Federal Energy Regulatory Commission to build a ...

Millennium Pipeline appoints president

03/20/2014 Millennium Pipeline Co. LLC has selected Joseph Shields as its president. He succeeds Rocco D’Alessandro, who held the position beginning in May 20...

Shah Deniz II, South Caucasus Pipeline contracts awarded

03/20/2014 The Shah Deniz and South Caucasus Pipeline consortia awarded project management and construction contracts for the development of Shah Deniz Stage ...

MARKET WATCH: NYMEX crude prices rise on Seaway pipeline expansion news

03/19/2014 Crude oil futures prices rose on the New York market Mar. 18 after Enterprise Products Partners LP told analysts and investors that an expanded Sea...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected