Japan to release 7.5 million barrels of oil from reserves, says industry minister | Malay Mail

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TOKYO, March 4 ― Japan will release 7.5 million barrels of oil from private reserves as a part of the International Energy Agency (IEA)-led coordinated release, its industry minister Koichi Hagiuda said today. The United States and other member states of the IEA on Tuesday agreed to release a...

TOKYO, March 4 ― Japan will release 7.5 million barrels of oil from private reserves as a part of the International Energy Agency -led coordinated release, its industry minister Koichi Hagiuda said today.

Japan is gathering information about Exxon Mobil Corp's recent announcement to exit the Sakhalin-1 oil and gas project in which a Japanese consortium owns a 30 per cent stake to assess the impact on the country's energy supply.

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