Iran has become 4th largest oil supplier to Japan

The Islamic Republic of Iran has become the fourth largest oil supplier to Japan in October, exporting nearly 262,000 bpd of crude oil to the East Asian country, a report says.
The figure reflects a 2.3- % growth over the corresponding number for the previous year, according to the Japanese Natural Resources and Energy Agency, quoted in a report by Shana, the official website of Iran's Oil Ministry.

Saudi Arabia remained the largest oil supplier to Japan, exporting 1.03 mm bpd, up 13.2 %, followed by the United Arab Emirates with 737,000 bpd. Qatar is ranked the third largest oil supplier to the Asian Pacific country with 355,000 bpd. Kuwait's oil exports to Japan dropped 33.3 % in October compared with the previous year to 6.54 mm barrels, or 211,000 bpd.

Japan, which is the world's third largest consumer of crude oil, has been the largest purchaser of Iranian oil over the past years.
Iran holds the world's third largest oil reserves and is the second major oil exporter among members of the OPEC.