Kuwait's crude oil exports to Japan up for fourth month

Kuwait's crude oil exports to Japan up for fourth month
Kuwait’s crude oil exports to Japan up for fourth month

TOKYO, June 1 (KUNA) — Kuwait’s crude oil exports to Japan grew 3.0 percent in April from a year earlier to 8.61 million barrels, or 287,000 barrels per day (bpd) for the fourth consecutive monthly expansion, government data showed Wednesday.
As Japan’s fourth-biggest oil provider, Kuwait supplied 8.3 percent of the Asian nation’s total crude imports, the Japanese Natural Resources and Energy Agency said in a preliminary report.
Japan’s overall imports of crude oil increased 3.4 percent year-on-year to 3.47 million bpd, the first growth in five months. Shipments from the Middle East accounted for 87.6 percent of the total, up 10.0 percentage points from a year earlier.
Saudi Arabia remained Japan’s No.1 oil supplier, with imports from the Kingdom jumping 38.4 percent to 1.42 million bpd, followed by the United Arab Emirates with 672,000 bpd, down 19.5 percent. Qatar ranked third with 356,000 bpd and Russia fifth with 245,000 bpd, respectively.
Japan, which imports virtually all its fossil fuels, is the world’s-third biggest oil consumer after the US and China. During his talks in Tokyo with His Highness the Prime Minister Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah in May, Japanese Prime Minister expressed his appreciation for Kuwait’s role as a major oil producing and exporting country, while His highness Sheikh Jaber renewed Kuwait’s commitment to secure the stable supply of oil to Japan. (end) mk.hb