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FINANCIAL NEWS
Japan’s crude imports from Kuwait drop 17.7% in September
31 Oct 2012
(MENAFN) Official data showed that Kuwait’s crude oil exports to Japan dropped by 17.7 percent year-on-year in September to 263,000 barrels per day (bpd), state news agency KUNA reported.
In its preliminary report, the Japanese Natural Resources and Energy Agency said that Kuwait supplied 7.3 percent of Japan’s overall crude imports last month, down from 8.9 percent a year ago.
Total crude oil imports shrank 0.4 percent year-on-year to 3.59 million bpd. Middle Eastern crude oil accounted for 88.4 percent of Japan’s total imports, down 0.6 percentage points from a year before.
It is worth mentioning that Kuwait is Japan’s fourth largest supplier of crude oil, after Saudi Arabia, UAE and Qatar.
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