Iraq conflict complicates UAE-Japanese oil supply deals

04/26/2004
Geopolitical concerns related to the Iraq conflict could well be complicating oil and gas deals between some major Persian Gulf exporters and their biggest customers.A recent diplomatic meeting between Japan and the UAE appeared to revolve around Tokyo's shift from the UAE to Iraq for some of its oil supply needs, as well as its support for US policy in Iraq. UAE Deputy Prime Minister Sheikh Hamdan bin Zayed Al Nahyan last week told Japanese leaders that his country is committed to meeting Japan's oil and natural gas needs.Hamdan's statement seemed ironic, as Japan has been relying less on the UAE's oil and more on new supplies coming from Iraq. But Hamdan seemed to sugges...
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