Kuwait's crude oil exports to Japan up 4.4 percent
Date
2/29/2016 4:13:07 AM
(MENAFN- Kuwait News Agency (KUNA)) TOKYO Feb 29 (KUNA) -- Kuwait's crude oil exports to Japan grew 4.4 percent in January from a year earlier to 8.26 million barrels or 266000 barrels per day (bpd) for the first increase in two months government data showed Monday.As Japan's fourth-biggest oil provider Kuwait supplied 7.8 percent of the Asian nation's total crude imports the Japanese Natural Resources and Energy Agency said in a preliminary report.Japan's overall imports of crude oil declined 2.5 percent year-on-year to 3.40 million bpd for the second straight month of drop. Shipments from the Middle East accounted for 87.1 percent of the total up 6.8 percentage points from the year before.Saudi Arabia remained Japan's No.1 oil supplier with imports from the kingdom surging 24.8 percent from a year earlier to 1.32 million bpd followed by the United Arab Emirates with 854000 bpd down 2.1 percent. Qatar ranked third with 278000 bpd and Russia fifth with 211000 bpd respectively.Japan is the world's-third biggest oil consumer after the US and China. (end) mk.tg
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