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Saudi Arabia and UAE meet 76% of Japan’s oil needs in November

Japan’s crude oil imports from Saudi Arabia and UAE fell quarter-on-quarter in November

Nearly 76 percent of Japan’s oil imports in November came from the UAE and Saudi Arabia, Arab News reported, citing data from the Japanese Energy Agency.

UAE made up  41.5 percent or 32.1 million barrels, while Saudi exports stood at 36.3 percent or 28.16 million barrels.

Japan’s crude oil imports from Saudi Arabia slipped from 31.60 million barrels, while imports from UAE were down from 33.93 million barrels in the previous month.

Total imports reached 77.53 million barrels in November, down from 84.58 million the previous month.

Japan also imported crude from Kuwait, Qatar, Bahrain, Oman and the neutral zone (between Saudi Arabia and Kuwait), thus taking Arab contributing to 95.4 percent of its oil needs in November, the report said.