PM Takaichi Emphasizes Security of Crude Oil Supplies in Japan

Tokyo, July 25 (Jiji Press)–Japanese Prime Minister Sanae Takaichi on Saturday reiterated that enough crude oil supplies have been secured in the country for the time being. In response to a renewed deterioration in the situation in the Middle East, the prime minister said in a post on X, formerly Twitter, that the necessary amount of crude oil for this month is expected to be procured and that the government will not release its oil stockpiles. She explained that procurement for next month is also on track, expressing her determination to continue efforts to secure the amount necessary for Japan as a whole. As for naphtha-derived plastic products, Takaichi wrote that there has been no change in the outlook that they will remain available through around next spring. END [Copyright The Jiji Press, Ltd.]