From The Japan Times · Kanoko Matsuyama · · 50s
Japan oil strategy expert urges Middle East focus
Taiyo Oil CEO says Japan should keep Middle East oil for cost efficiency.
In brief
Taiyo Oil CEO says Japan should keep Middle East oil for cost efficiency. Japan should rely on Middle East for over 90% of crude to save costs during peace. Originally reported by The Japan Times.
Taiyo Oil CEO
Taiyo Oil CEO Takahiro Yamamoto says Japan should continue relying on Middle East for crude oil.
Cost-effective strategy
Taiyo Oil CEO says Japan should buy crude as economically as possible during peace time.
Government diversification push
Japan government is pushing to diversify crude procurement after U.S.-Iran war.
Excessive diversification concerns
Taiyo CEO says excessive diversification push imposes significant cost on society during normal times.
Middle East reliance
Taiyo CEO says Japan should rely on Middle East for more than 90% of crude needs.
The key point
Japan should rely on Middle East for over 90% of crude to save costs during peace.
