Prime Minister Kishida has announced that he will release 15 million barrels from the country's oil reserves in collaboration with the member countries of the IEA (International Energy Agency).
Prime Minister Kishida explained to reporters that the release of 120 million barrels of oil was decided at the IEA ministerial meeting last week, and revealed that he would release 15 million barrels from the national petroleum reserves. I made it.
"The release of 15 million barrels, which is 1.5 times the amount allocated to the IEA, is the second largest release after the United States' 60 million barrels. Japan's first release of stockpiles since the start of the national stockpile system in 1978. I decided to take a step forward. "
"It is important to stabilize the energy market, and we will continue to work on oil-producing countries and work ahead of schedule on what Japan can do."