Middle East Economic Survey


No 10


Japans January Oil Imports Down From December, Fall 18.9% Year-On-Year

Monthly petroleum data published by Japans Ministry of Economy, Trade and Industry (METI) on 27 February showed that crude oil imports during January declined by 8.9% to 3.796mn b/d from 4.166mn b/d in December 2008. Japans crude imports for January 2009 declined year-on-year by an average of 889,647 b/d, or 18.9%, from 4.685mn b/d in January 2008. Crude imports from the...