Japan and the United Arab Emirates oil reserves signed a joint agreement

Japanese media, Japan's Economy, Trade and Industry on the 25th and the United Arab Emirates Abu Dhabi National Oil Company on joint oil reserves in Japan reached a basic agreement.

Kyodo, the Japanese government will lease the new oil is located in the Japanese city of Kagoshima, southwestern Japan Kiire petroleum-based oil, with the Abu Dhabi National Oil Company joint reservoir. The latter will begin this fall Kiire oil storage base in 600 million liters of oil, which is equivalent to a day of oil consumption in Japan.

Under the agreement, day-to-day circumstances, the Abu Dhabi National Oil Company would own the oil as the oil tank through the oil base Kiire Japan and other Asian countries to supply oil; However, in natural disasters or other factors have led to Japan's oil imports the shortage of emergency situations, the Japanese can be given priority in the use of these reservoirs.

Kyodo said that Japan's crude oil imports, about a quarter from the United Arab Emirates. This is the first time the Japanese government to participate in the joint reservoir, designed to ensure a steady supply of oil, and to ensure that the oil field development in the UAE right.

Jun. 27, 2009

Chavez urged Russia to help raise oil prices

June 22 news Caracas, Venezuela President Hugo Chavez in the Russian Federation addressed a letter from President Dmitry Medvedev urged Russia to cooperate in the oil price to 100 U.S. dollars a barrel.

According to Agence France-Presse reported that President Hugo Chavez said in his letter, the oil-producing countries the issue of oil prices should be together.

Chavez said June 20 that the letter will be forthcoming official visit to Russia, Vice-President of Venezuela Ramon Carrizalez to the Russian President Medvedev.

Jun. 23, 2009