Japan imports 32 million barrels of crude oil from UAE

123RF/Dmitry Pichugin

Japan has imported more than 32 million barrels of crude oil from the UAE in October.

According to the national news agency WAM, the figure accounts for 37.6 per cent of Japan's total oil imports. 

The Agency of Energy and Natural Resource in Tokyo also indicated that it this is the highest amount imported from one country in the reported month.

Crude oil provides around 35 percent of energy needed to generate the third biggest economy in the world, according to the ministry.
 

More from Business

  • China's ByteDance signs deal to form joint venture to operate TikTok US app

    TikTok's Chinese owner, ByteDance has said it signed binding agreements with three major investors to form a joint venture to operate TikTok's US app led by American and global investors on Thursday, in a bid to avoid a US government ban, a significant step toward ending years of uncertainty.

  • India reviewing allegations of antitrust breaches by IndiGo

    India's competition regulator said on Thursday it was reviewing allegations of antitrust violations by budget airline IndiGo following recent flight disruptions that hit air travel nationwide.

  • DXB and DWC boost winter schedules with new routes

    Dubai Airports has entered the winter travel season with one of its strongest networks in history, as Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC) welcome new airlines and expanded connectivity to meet rising seasonal travel demand.

  • Amazon in talks to invest in OpenAI

    Amazon.com Inc is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said on Tuesday.

  • DXB to welcome over 4.2 million guests over next two weeks

    Dubai International Airport (DXB) is gearing up to accommodate a surge in travellers over the next two weeks, marking one of the busiest travel periods of the year.

News