Al-Roumi discusses joint oil storage arrangements in Japan and increasing stockpile volumes with Akazawa
Al-Roumi discussed joint oil storage arrangements and increasing stockpiles with his Japanese counterpart, Akazawa.
Translated by Qiyas from الراي — Original source
Kuwait’s Minister of Oil and Chairman of the Kuwait Petroleum Corporation, Tariq Al-Roumi, held talks with Japan’s Minister of Economy, Trade and Industry, Ryosuke Akazawa, on bilateral relations between Kuwait and Japan in the energy sector, energy security in the region, and the importance of maintaining stable and reliable supplies.
In a press statement, the Kuwait Petroleum Corporation said the two ministers held a bilateral meeting via video conference, discussing ways to enhance and develop bilateral cooperation between the two friendly countries, and reaffirmed their commitment to strengthening the established Kuwait-Japan partnership in the energy sector.
The statement added that the ministers also discussed existing arrangements for joint crude oil storage in Japan and increasing storage volumes, emphasizing their role in supporting energy security and reinforcing the strong cooperation between the two countries in this field.
In this regard, according to the statement, Minister Akazawa highlighted the importance of cooperation under Japan’s POWERR Asia initiative, expressing his country’s appreciation for Kuwait’s continued supply of crude oil to the Japanese market amid ongoing logistical challenges, including those related to navigation through the Strait of Hormuz.
