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Japan should diversify oil sources but Canadian supply seen tough, industry association head says
Yahoo Finance· 2025-09-18 17:28
TOKYO (Reuters) -Japanese oil refiners should consider diversifying supply sources as 95% of its crude imports come from the Middle East, but importing Canadian oil could be challenging due to its heavy characteristics, the head of the industry association said on Thursday. Canada's main oil-producing province of Alberta is considering a financial investment in Japan's refining sector, according to two sources familiar with the matter, an attempt to reduce its overwhelming dependence on top trade partner, ...