Saturday, December 3, 2022

Iran, 4th Biggest Oil Supplier to Japan in May

Iran has become the fourth biggest oil supplier to Japan in May by exporting 308,000 barrels of crude oil to the East Asian country in the 30-day period.

Japan, the world’s third biggest oil consumer, has raised its imports of crude oil from the Middle East. Iran is one of the four countries in the region that supply oil to Japan.

Saudi Arabia is the first crude oil supplier to Tokyo with exports of 1,130,000 barrels of oil. The UAE and Qatar stand at second and third places.

Director of International Affairs of National Iranian Oil Company (NIOC) Mohsen Qamsari recently noted that based on Tehran-Tokyo agreement, Iran sells about 120,000 barrels of oil to Japan per day.

However, he said, Japan has raised its imports of Iran’s crude oil in the past three months.

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