Kuwait now Japan’s third-largest source of crude
Kuwait In March, shipments to Japan hit a 14-month high of 334,000 bopd. Crude exports to the world’s third-largest oil importer that month – 10.35 million barrels – represented a year-on-year increase of 33.6% and neared the previous record of 10.89 million barrels, or 351,000 bopd, set in May 2015.
While Kuwaiti exports to Japan grew, the latter’s overall imports declined for the fourth consecutive month to reach 3.56 million bopd in March, down 3.4% from the same period in 2015.
For more news and features on the oil and gas industry in Kuwait, click here.
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