BRIEF-PAJ President - There Are Still Seven VLCCs Carrying Crude Procured By Japan In The Gulf

May 20 - Idemitsu Kosan Co Ltd 5019.T:

  • JAPAN PETROLEUM ASSOCIATION PRESIDENT: US CRUDE EXPECTED TO BECOME MAIN SUBSTITUTE FOR MIDDLE EASTERN OIL

  • PAJ PRESIDENT: SOME JAPANESE COMPANIES ARE SOURCING CRUDE FROM LATIN AMERICA, SUCH AS MEXICO AND ECUADOR, AS WELL AS FROM ALASKA

  • PAJ PRESIDENT: MUST CONSIDER MEASURES TO REDUCE OUR DEPENDENCE ON MIDDLE EASTERN CRUDE IN MEDIUM TO LONG TERM

  • PAJ PRESIDENT: WE CAN SECURE ALTERNATIVE CRUDE SUPPLIES DURING SUMMER

  • PAJ PRESIDENT: ALSO EXPECT TO SECURE SUFFICIENT SUBSTITUTE PETROLEUM PRODUCTS FOR SUMMER PERIOD

  • PAJ PRESIDENT: PROCURING US CRUDE IS EXPECTED TO SIGNIFICANTLY INCREASE COSTS DUE TO LONGER SHIPPING ROUTE

  • PAJ PRESIDENT: THERE ARE STILL SEVEN VLCCS CARRYING CRUDE PROCURED BY JAPAN IN THE GULF

Source text: [ID:]

Further company coverage: 5019.T


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