Japan Makes First Purchase of Russian Crude Oil After Strait of Hormuz Blockade, Tanker to Arrive in Ehime Prefecture
Japan has made its first purchase of Russian crude oil from the Sakhalin-2 project since the Strait of Hormuz entered a blockade state, with a tanker expected to arrive in Ehime Prefecture. This transaction is reportedly not subject to Western economic sanctions. Japan is actively diversifying its crude oil procurement, also importing from the US and securing intentions for exports from Mexico.
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Central News Agency
(Central News Agency Tokyo 2nd comprehensive foreign report) Officials from Japan's Ministry of Economy, Trade and Industry revealed today that an oil tanker loaded with crude oil produced from Russia's Far East oil and natural gas development project 'Sakhalin-2' is about to arrive in Japan, marking Japan's first purchase of Russian crude oil since the Strait of Hormuz entered a blockade state.
According to Kyodo News, officials pointed out that this does not fall under the scope of Western economic sanctions implemented due to the Russia-Ukraine conflict.
According to officials from the Ministry of Economy, Trade and Industry, the purchaser for this transaction is oil refiner Taiyo Oil, and the tanker is expected to arrive in Ehime Prefecture. The website MarineTraffic, which provides vessel position information, shows that the tanker departed from Sakhalin in late April.
Sakhalin-2 is a development project led by gas giant Gazprom, with Japan's Mitsui & Co. and Mitsubishi Corp. participating. The project began full-year oil production in 2008 and started exporting liquefied natural gas (LNG) in 2009. Japan also holds interests in the 'Sakhalin-1' development project.
Importing Russian crude oil is part of Japan's efforts to promote diversification of crude oil procurement. Although it was previously confirmed that a large crude oil tanker managed by a subsidiary of Idemitsu Kosan passed through the Strait of Hormuz in late April, the prospects for the resumption of crude oil transportation from the Middle East remain uncertain.
Japan's government has been actively working to encourage oil-producing countries to supply oil to Japan, and tankers loaded with US crude oil arrived in Japan in April. Additionally, at Japan's request, Mexico has also expressed its intention to export crude oil. (Editor: Ho Hung-Ju) 1150502
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Central News Agency
(Central News Agency Tokyo 2nd comprehensive foreign report) Officials from Japan's Ministry of Economy, Trade and Industry revealed today that an oil tanker loaded with crude oil produced from Russia's Far East oil and natural gas development project 'Sakhalin-2' is about to arrive in Japan, marking Japan's first purchase of Russian crude oil since the Strait of Hormuz entered a blockade state.
According to Kyodo News, officials pointed out that this does not fall under the scope of Western economic sanctions implemented due to the Russia-Ukraine conflict.
According to officials from the Ministry of Economy, Trade and Industry, the purchaser for this transaction is oil refiner Taiyo Oil, and the tanker is expected to arrive in Ehime Prefecture. The website MarineTraffic, which provides vessel position information, shows that the tanker departed from Sakhalin in late April.
Sakhalin-2 is a development project led by gas giant Gazprom, with Japan's Mitsui & Co. and Mitsubishi Corp. participating. The project began full-year oil production in 2008 and started exporting liquefied natural gas (LNG) in 2009. Japan also holds interests in the 'Sakhalin-1' development project.
Importing Russian crude oil is part of Japan's efforts to promote diversification of crude oil procurement. Although it was previously confirmed that a large crude oil tanker managed by a subsidiary of Idemitsu Kosan passed through the Strait of Hormuz in late April, the prospects for the resumption of crude oil transportation from the Middle East remain uncertain.
Japan's government has been actively working to encourage oil-producing countries to supply oil to Japan, and tankers loaded with US crude oil arrived in Japan in April. Additionally, at Japan's request, Mexico has also expressed its intention to export crude oil. (Editor: Ho Hung-Ju) 1150502
Choose to stand with facts, every sponsorship you provide is the power to protect press freedom.
Download the Central News Agency 'First-hand News' APP to stay updated with the latest news.
The text, images, and videos on this website may not be reproduced, publicly broadcast, or publicly transmitted and used without authorization.