economy
May 3, 2026
Japan's Taiyo Oil buys Russian oil as part of supply diversification efforts
The company representative noted that "supplies of Sakhalin Blend oil are not subject to sanctions"
TL;DR
- Taiyo Oil purchased Sakhalin Blend crude from Russia's Sakhalin Region.
- The purchase is part of efforts to diversify supply sources away from the Middle East.
- The company cited social responsibility and ensuring stable petroleum product supplies as reasons for the purchase.
- National oil reserves are being utilized for this purpose.
- Sakhalin Blend oil supplies are not subject to sanctions.
- No future purchase decisions have been made yet.
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