Japan will receive a shipment of Azerbaijani oil for the first time since the escalation of the Middle East crisis involving Iran, amid disruptions to supplies through the Strait of Hormuz.
According to Reuters, citing SİA, a tanker carrying Azerbaijani crude is expected to arrive at the port of Yokohama as early as Tuesday.
According to Japan's Ministry of Economy, Trade and Industry, the cargo is intended for Japanese company Eneos.
Narumi Hosokawa, deputy director-general for crisis management at the ministry, said this would be the first oil delivery from Azerbaijan to Japan since the outbreak of the Middle East conflict.
Before the launch of the US-Israeli military campaign against Iran in late February, around 95% of Japan"s oil imports came from Middle Eastern countries.
However, following the disruption of shipping through the Strait of Hormuz, Tokyo was forced to seek alternative supply sources.
Reuters also noted that Japanese refineries have historically been geared toward processing Middle Eastern crude, although the country has already begun diversifying its imports.
In addition to Azerbaijan, Japan has increased oil purchases from the United States and also imported crude from Russia's Sakhalin-2 project, which remains exempt from certain sanctions.
Following the start of the Russia-Ukraine war in 2022, Japan largely halted imports of Russian oil and joined sanctions imposed on Moscow.
To offset supply shortages from the Middle East, Tokyo has also begun using its strategic petroleum reserves.
As of May 8, Japan"s oil reserves were sufficient to cover 205 days of domestic consumption.
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