Skip to content Skip to Search
Skip navigation

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

Aramco
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.

Latest articles

Rothschild Saudi

Edmond de Rothschild to run funding vehicle for Saudi projects

The Edmond de Rothschild Group is establishing a funding vehicle for infrastructure projects in Saudi Arabia along with the local firm SNB Capital, as part of a deal in which the Swiss investment bank will set up offices in the country.  Saudi Arabia’s massive economic diversification programme has run into financial obstacles as it faces […]

Turkey foreign property sales

Foreigners turning back on Turkish real estate

Foreign buyers are increasingly shunning the Turkish property market, wary of high prices, the expensive cost of living and a less welcoming environment for overseas real estate investors. There were only 2,064 residential units sold to foreign buyers in May, 35 percent down on the same month last year, data issued by the state statistics […]

2KEY8G1 Emirates Airline Airbus A380 aircraft landing. Aerial view of Emirates Airlines A380-800 airplane. An Emirates plane coming in to land at LAX; a spokesperson for Emirates said the contraventions were for safety reasons

US fines Emirates for operating in prohibited airspace

Emirates has been fined $1.5 million by the US Transportation Department for operating flights carrying JetBlue Airways’ JBLU.O designator code in prohibited airspace. The transportation department said that between December 2021 and August 2022, Emirates operated a significant number of flights carrying the JetBlue Airways code between the United Arab Emirates and the United States […]

Egypt will use the US funding across a range of sectors including agriculture

US allocates $130m development funding to Egypt

The US has allocated funding of $130 million for a range of developmental projects in Egypt, it was announced on Thursday. In a press release published by the US Embassy in Cairo, ambassador Herro Mustafa Garg said that the money would go towards “advancing Egyptian efforts to achieve a brighter, healthier, and more prosperous future […]