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Oil dependent Japan turns to Saudi Arabia

Date Posted: 2007-05-02

Japan’s Prime Minister has been meeting with the King of Saudia Arabia in search of more ties to the oil rich kingdom.

Shinzo Abe is looking for stability in future oil supplies, and King Abdula asked how he could help. “I would suggest to you that we have a very nice oil stock base in Okinawa’s Henza area,” Abe told the King, his oil minister and the state owned oil company, “and you could use that as a reserves base for your stocks.” He proposed the two countries’ ministers get together and make a closer relationship that benefits Saudi Arabia and “is good for Japan to keep stability in oil and energy supplies.”

“It is good for you to have a commercial business base in an Asian country,” Abe told the King, “and it would be effective for us, too.” Henza Island currently maintains 5,250,000 kiloliters of oil, a 10-day supply for all of Japan. Japan suggests “Saudi Arabia could use that oil facility, so if any emergencies happen, Japan would have priority over other countries.”

King Abdula agreed, and went farther, calling for “more exchanges and discussions about politics, about cars, about electronics and about construction materials. He suggested the Prime Minister should jointly create a working task force. The King accepted Abe’s invitation to visit Japan.

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