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

Idemitsu Kosan Co

20/05/2026 06:35

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:]

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