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Energy and Power

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Japan is introducing a new system for emergency oil supply to Asian oil consumers

Published On 02 Dec 2019 11:31 AM


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Japan is working with other Asian oil consumers to develop reciprocal frameworks to ensure uninterrupted flow of crude and petroleum products in the event that a potential escalation of tensions in the Middle East threatens to disrupt supply.

"Without ensuring Asia's stability, Japan's security can not also be assured," Hajime Wakuda, deputy chief executive of METI's natural resources and fuel division, told the....


Tags : japan, oil, Asia, petroleum,
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