TOKYO: Japan will release 7.5 million barrels of oil from private reserves as a part of the coordinated release led by the International Energy Agency , its industry minister Koichi Hagiuda said on Friday .
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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