News Column

Kuwait's crude oil exports to Japan up 10.5 pct in March

April 30, 2014

TOKYO, 30th April, 2014 (WAM) -- Kuwait's crude oil exports to Japan rose 10.5 percent in March from a year earlier to 9.85 million barrels, or 318,000 barrels per day (bpd), for the first increase in two months, government data showed Wednesday.

As Japan's fourth-biggest oil provider, Kuwait supplied 8.3 percent of the Asian nation's total crude imports, compared with 6.9 percent in the same month of last year, the Japanese Natural Resources and Energy Agency said in a preliminary report.

According to Kuwait News Agency, KUNA, Japan's overall imports of crude oil in March fell 8.1 percent year-on-year to 118.67 million barrels (3.83 million bpd) for the first drop in two months. Shipments from the Middle East accounted for 85.4 percent of the total, up 4.5 percentage points from a year before.

Saudi Arabia remained Japan's first oil supplier, with imports from the kingdom slightly rising 1.4 percent from on the year to 1.19 million bpd.

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Source: Emirates News Agency (WAM) (United Arab Emirates)

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