NO. 33


Supply Demand

Japan's MITI Issues Five-Year Oil Import Forecast

Japan's Ministry of International Trade and Industry (MITI) has updated itsfive-year forecast of crude oil and petroleum product imports to cover fiscal1992-1996 (April 1992-March 1996). Crude oil imports for both refining andnon-refining purposes are expected to reach 4.29mn b/d in 1992, a 3.4% increaseover the 1991 estimated total of 4.15mn b/d. Crude oil imports are projected torise to 4.41mn b/d in...