UAE oil exports to Japan surge

Japanese oil refinery. iStock/ Sean Pavone

The UAE's exports of oil to Japan increased significantly in March, making it the top provider of crude to the Asian country.

Deliveries reached 34.11 million barrels, or 38.3 percent of the total brought in, compared to 24.67 million barrels in February, or 31.4 percent, according to data from the Agency for Natural Resources and Energy, that belongs to Japan's Ministry of Economy, Trade and Industry.

Their total oil imports in March amounted to 89.15 million barrels, compared to 78.51 million barrels in February.

The figures represent the quantities of oil that reached Japanese refineries, storage tanks and warehouses. 

About a third of Japan's energy needs come from the fossil fuel, meaning the UAE's deliveries are of crucial importance as the country continues to bounce back from the Covid-19 pandemic.

More from Business News

News

  • H.H. Sheikh Mohammed hails UAE Armed Forces milestone

    His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai said that the decision to unify the Armed Forces on May 6 1976, was a pivotal moment in the history of the UAE as the nation celebrates its 48th Armed Forces Unification Day.

  • Four Dubai Metro stations remain closed following storms

    Four Dubai Metro stations remain closed following extreme weather conditions the Roads and Transport Authority (RTA) has confirmed. Passengers are being urged to check for regular updates to the public transport network.

  • Ajman records tourism growth in 2024

    Ajman witnessed a seven per cent increase in tourism revenue in the first quarter of 2024, driven by a three per cent rise in occupancy rates and a nine per cent growth in visitor numbers compared to the same period in 2023.