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FINANCIAL NEWS
UAE is set to be the second largest crude oil exporter to Japan
01 Feb 2015
(MENAFN) The UAE exports of crude oil to Japan amounted to 25,089 million barrels during December last year, representing 22.8 percent of total Japanese imports, which was 110,135 million barrels, Gulf News reported.
The Japanese Agency for Natural Resources and Energy, affiliated with the Ministry of Economy, Trade and Industry, explained that the UAE came in second place as the largest crude oil exporter to Japan after Saudi Arabia.
It pointed out that Arab oil accounted for 73.6 percent, or about three-quarters of the oil needs of Japan came from the GCC Countries, Iraq, Sudan and Libya.
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