Oil companies worry about the impact of the Middle East situation
The tensions in the Middle East are rising due to the conflict between the United States and Iran. At the New Year's party of the Petroleum League, which is made up of petroleum suppliers in Tokyo on July 7, procurement of crude oil will be made if things worsen. And concerns over the potential impact on supply and supply.
According to Takashi Tsukioka, chairman of the Petroleum Association of Japan, `` Tensions between the United States and Iran are rising early in the year, but it is a great risk to the stable supply of crude oil worldwide. '' Expressed concern.
He said, "We need to be prepared to respond to these risks as possible and never end. It is important to strengthen public-private partnerships and make effective use of existing oil reserves."
Also, Tsukasa Sugimori, president of JXTG Holdings, the largest oil source, said, “If retaliation starts or hinders navigation along the Strait of Hormuz, the stability of procurement will be lost and a major problem will be. We need to work to diversify, as there are too many destinations in the Middle East, ”he said, saying that it is necessary to procure crude oil from outside the Middle East.