Saudi Arabia reaffirmed its commitment to supply oil to Japan and collaborate on clean hydrogen, ammonia, and recycled carbon fuels.
The country will continue to provide Saudi crude oil for Okinawa’s government oil reserves in southern Japan, ensuring stable oil supplies for Japan. Saudi Arabia remains Japan’s largest oil exporter, fulfilling 40% of its total oil needs.
The energy minister’s statement came after Japan’s Prime Minister Fumio Kishida’s meetings with Saudi leaders during his Middle East tour, which also includes visits to the United Arab Emirates and Qatar.
Furthermore, Japan and the Gulf Cooperation Council (GCC) have declared the restart of negotiations for a free trade agreement.
During the visit, Saudi Arabia signed agreements with Japan to develop clean hydrogen, ammonia, and recycled carbon fuels, among other cooperation agreements. The two countries are also set to explore rare earth resources cooperation and joint development projects in other nations.
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