Japan secures stable crude supplies through March 2028, PM Takaichi says

Japan’s July oil imports to return to pre-war level

Prime Minister Sanae Takaichi said the US expanded its exports tenfold and Japan also managed to approach other oil producers. (EPA Images pic) TOKYO: Japan will secure the same volume of crude oil imports in July as it did the year prior, its leader said Thursday, crediting alternative sources obtained despite the Middle East war’s impact. Japan relied on the Middle East for over 90% of its oil imports but has significantly diversified its supp…

Japan has found a complete replacement of oil from Persian Gulf

The head of the Japanese government announced that in July the country will receive the usual volumes of oil for this month, as they were able to find alternative sources.

Japan’s July oil imports to return to pre-Iran war level, Takaichi says

Japan relied on the Middle East for over 90% of its oil imports but has significantly diversified its supply chain.

Japan secures stable crude supplies through March 2028, PM Takaichi says

TOKYO, June 11 : Japan has secured stable oil supplies through the end of March 2028 despite the Iran war through a combination of alternative crude imports and stockpile releases, Prime Minister Sanae Takaichi said on Thursday, extending the country's previous supply outlook by around one year.Japan has no p

Japan crude oil imports in July to regain year-earlier level despite war

Japan expects to secure the same volume of crude oil imports in July as it did a year earlier, sources close to the matter said Thursday, ramping up purchases from non-Middle Eastern suppliers like the United States amid the effective closure of the Strait of Hormuz.

Japan Taps Reserves and New Suppliers to Beat the Oil Blockade

Despite the Hormuz crisis, Japan has secured the same volumes of oil imports for July as it did a year ago, as it is boosting imports from producers not dependent on the Strait to deliver their crude, sources familiar with the procurement plans told Kyodo News on Thursday. Resource-poor Japan is one of the biggest energy importers globally and relied on the Middle East for as much as 95% of its oil imports before the war broke out. Most of the o…