Arab oil provides nearly 98% of Japan’s July crude imports

The figures cited represent the quantities of oil that arrived at refineries, tanks and warehouses located at ports in Japan during July 2022 (Shutterstock)
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Updated 06 September 2022
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Arab oil provides nearly 98% of Japan’s July crude imports

TOKYO: The countries of the Gulf Cooperation Council provided Japan with nearly 98 percent of its crude oil imports in July, according to data from the Agency for Natural Resources and Energy of the Ministry of Economy, Trade, and Industry.

This makes Arab oil more crucial than ever in meeting Japanese energy needs. Japan didn’t import any oil from Russia in July in accordance with measures imposed as a result of Russia’s invasion of Ukraine.

Out of the 81.05 million barrels imported by Japan, GCC members UAE, Saudi Arabia, Qatar, Kuwait, Bahrain and Oman provided 79.17 million barrels or 97.7 percent, according to METI. 

UAE crude made up the largest percentage of imports into Japan with 33.99 million barrels (41.9 percent). Saudi oil came second with 28.47 million barrels (35.1 percent). Qatar provided 7.34 million barrels (9.1 percent), while crude from Kuwait amounted to 6.59 million barrels (8.1 percent).  Exports from Bahrain came to 1.32 million barrels (1.6 percent) and Oman provided 998,782 barrels (1.2 percent) of Japan’s total imports in July, METI data showed.

Japan also imported 440,000 barrels, (0.5 percent) of the total, from the Khafji oil field of the Neutral Zone that belongs to Kuwait and Saudi Arabia.

The remainder, according to METI, comprising 2.3 percent of total Japanese crude imports, came from Ecuador (1.8 percent) Vietnam and Thailand (0.4 percent) and Oceania (0.1 percent).

The figures cited represent the quantities of oil that arrived at refineries, tanks and warehouses located at ports in Japan during July 2022.

— This article orignally appeared in Arab News Japan


19k ‘Made in Saudi Arabia’ products now reaching 180 global markets: industry minister

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19k ‘Made in Saudi Arabia’ products now reaching 180 global markets: industry minister

RIYADH: Products carrying the “Made in Saudi” logo have reached 19,000 and are shipped to 180 countries, according to the minister of industry and mineral resources.

In his opening speech at the third edition of the “Made in Saudi” exhibition, Bandar Alkhorayef indicated that the program now includes 3,700 registered national companies.

He noted that the first half of 2025 recorded the highest semi-annual figure for non-oil exports, valued at SR307 billion ($81.8 billion), after total exports in 2024 reached approximately SR515 billion.

The “Made in Saudi” program was launched in 2021 with the aim of strengthening the presence of local products in domestic and international markets and contributing to the growth of the national economy in line with Vision 2030 targets.

The minister highlighted the efforts of the Saudi Exports Development Authority in facilitating the access of national products to global markets.

This has been achieved through the signing of 108 export agreements, the registration of 433 importers on the Saudi Exports platform, and the licensing of nine export houses whose outbound trade has reached 21 countries with a value of SR390 million.

The “Made in Saudi” program is an initiative of the National Industrial Development and Logistics Program. It is managed by the Saudi Export Development Authority, also known as Saudi Exports, a governmental body tasked with increasing the Kingdom’s non-oil exports. 

Saudi Exports developed and is managing the program with the strategic intent of supporting the nation in achieving the objectives of its transformative Vision 2030.