KUALA LUMPUR (AFX-ASIA) – Asia’s reliance on Middle Eastern oil will deepen despite efforts to diversify sources, but China’s plans to set up a stockpile will help boost energy security in the region, a Japanese oil expert said last week. Asia currently imports some 62% of its oil needs, mainly from the Middle East, but…
MARKETS: Asia’s reliance on Middle East oil to deepen – Japanese expert
Posted on June 24, 2004 by EnergyAsia