Brief: Japan's Idemitsu Official: Currently Cannot Source Middle Eastern Crude From Red Sea Side, Considering Alternatives Including Through Suez Canal
BRIEF-Japan's Idemitsu Official: Currently Cannot Source Middle Eastern Crude From Red Sea Side, Considering Alternatives Including Through Suez Canal Aug 7 (Reuters) - Idemitsu Kosan Co Ltd 5019.T:
IDEMITSU OFFICIAL: WE ARE SOURCING CRUDE OIL FROM MIDDLE EAST THAT BYPASSES STRAIT OF HORMUZ, AS WELL AS PRIMARILY FROM NORTH AMERICA
IDEMITSU OFFICIAL: OUR FUEL EXPORTS WERE LIMITED IN Q1 AS WE PRIORITISED DOMESTIC SUPPLY, BUT WE INTEND TO RESUME EXPORTS FROM Q2
IDEMITSU OFFICIAL: DISCUSSIONS AMONG SPONSORS OF VIETNAM'S NGHI SON REFINERY ON MEASURES TO REDUCE INTEREST PAYMENTS ARE EXPECTED TO CONCLUDE BY MARCH 2027
IDEMITSU OFFICIAL: WE ARE CURRENTLY UNABLE TO SOURCE MIDDLE EASTERN CRUDE FROM RED SEA SIDE, AND ARE CONSIDERING ALTERNATIVES, INCLUDING PROCUREMENT THROUGH SUEZ CANAL
IDEMITSU OFFICIAL: WILL CONTINUE TO EXPLORE WAYS TO DIVERSIFY OUR CRUDE OIL PROCUREMENT, INCLUDING INCREASING IMPORTS FROM U.S. AND SOUTH AMERICA
Further company coverage: 5019.T
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