Japan Oil Refiners to Tap Reserves in Case of Middle East Disruption

Men work at an oil refinery in Sodegaura, Japan February 8, 2017. Reuters/Issei Kato
Men work at an oil refinery in Sodegaura, Japan February 8, 2017. Reuters/Issei Kato
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Japan Oil Refiners to Tap Reserves in Case of Middle East Disruption

Men work at an oil refinery in Sodegaura, Japan February 8, 2017. Reuters/Issei Kato
Men work at an oil refinery in Sodegaura, Japan February 8, 2017. Reuters/Issei Kato

Japanese oil refiners see no immediate impact from escalating tensions in the Middle East on their crude procurement, but will use the country's reserves in case of contingencies to ensure stable oil supplies, said the president of Petroleum Association of Japan (PAJ), Shunichi Kito.

“We don't believe that there are any obstacles to the procurement of crude oil to Japan for now,” Kito told a news conference on Wednesday, when asked about the impact of the Iranian counter-attack on Israel over the weekend.

But he acknowledged that if the conflict were to escalate and affect the broader Middle East it would pose a serious problem.

“In case of any disruption in crude oil supply, it is important to be prepared by making flexible use of the oil reserve to ensure that the oil supply will not be disrupted,” he said, noting Japan's public and private sectors have a combined 240-day oil reserve.

Japan relies heavily on Middle Eastern crude, importing over 95% of its oil from the region.

Kito, who is also the president of Japan's No.2 oil refiner Idemitsu Kosan, said his company is looking into possibility of substituting some supply from the Middle East with other sources.

“As alternative sources, we are considering crude from West Africa and North America, if they can be transported and processed smoothly in our refineries,” he said.

But he noted that most Japanese refineries are designed to process crude from the Middle East, and it would not be easy to switch to new supplies as they may not fit with their facilities.



COP16 Riyadh Gathers Policymakers to Combat Desertification, Restore Land

Saudi Arabia’s Environment Minister Abdulrahman Al-Fadli assumes the Kingdom’s presidency of COP16 in Riyadh. (Asharq Al-Awsat)
Saudi Arabia’s Environment Minister Abdulrahman Al-Fadli assumes the Kingdom’s presidency of COP16 in Riyadh. (Asharq Al-Awsat)
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COP16 Riyadh Gathers Policymakers to Combat Desertification, Restore Land

Saudi Arabia’s Environment Minister Abdulrahman Al-Fadli assumes the Kingdom’s presidency of COP16 in Riyadh. (Asharq Al-Awsat)
Saudi Arabia’s Environment Minister Abdulrahman Al-Fadli assumes the Kingdom’s presidency of COP16 in Riyadh. (Asharq Al-Awsat)

Policymakers, international organizations, companies, NGOs and key stakeholders gathered in Riyadh on Monday to address global challenges like land degradation, drought, and desertification at the 16th United Nations Convention to Combat Desertification (COP16).

Saudi Arabia was elected president of COP16 during the opening session, beginning a two-year term to lead efforts in land restoration and fighting desertification.

The COP16 summit in Riyadh came as an opportunity to highlight the vital link between land, oceans, and climate, noting that 75% of freshwater comes from cultivated land, while plants protect 80% of global soil.

Saudi Arabia’s Environment Minister Abdulrahman Al-Fadli said hosting the event reflects the Kingdom’s commitment to environmental efforts. He warned that over 100 million hectares of land degrade each year, affecting 3 billion people and costing the global economy more than $6 trillion annually.

Environmental challenges

Saudi Arabia is ramping up efforts under the United Nations Convention to Combat Desertification to address major environmental challenges and strengthen synergies with other global agreements, including the Rio Conventions on climate change and biodiversity, Al-Fadli stressed.

He highlighted that the Middle East is one of the regions most affected by land degradation, drought, and desertification. Saudi Arabia, he said, is working closely with international partners to tackle these issues.

To achieve its goals, the government has adopted a National Environmental Strategy, created a dedicated fund and five specialized centers, updated regulations to align with global standards, and launched initiatives to curb pollution, boost vegetation cover and improve waste management and climate research.

The minister also pointed to the Saudi Green Initiative, which aims to rehabilitate 40 million hectares of degraded land and expand protected areas to cover 30% of the Kingdom by 2030. This ambitious target was announced in 2021, more than a year before the global goal was set in Montreal in late 2022.

Renewable energy

Saudi Arabia is also working to generate 50% of its energy from renewable sources by 2030 and cut carbon dioxide emissions, Al-Fadli said. The Kingdom has adopted a National Water Strategy to preserve resources and launched recycling projects to promote sustainability.

Al-Fadli noted that Saudi Arabia has also introduced a National Agricultural Strategy to improve production efficiency and sustainably manage farmland, along with a National Food Security Strategy aimed at reducing food loss and waste.

He warned that biodiversity loss and the worsening effects of climate change threaten basic life necessities such as air, water, and food, impacting over 1.8 billion people globally and driving higher migration rates. He emphasized the need for unified international efforts to confront these global challenges.

He added that the UN Convention to Combat Desertification provides a framework for collective action and global collaboration.

Saudi Arabia, he said, is committed to restoring degraded land, expanding green spaces and fostering innovation for sustainable solutions.

The Kingdom also aims to strengthen partnerships among governments, the private sector, local communities, and NGOs, while adopting binding tools to bolster international cooperation.

Moreover, Saudi Arabia unveiled three major initiatives at COP16 to address drought, backed by over $150 million to boost global preparedness.

The Kingdom also introduced an observatory and an atlas, aiming to improve monitoring, prevention, and awareness of drought worldwide.

A UN report released ahead of the summit highlighted the growing crisis of land degradation, linking unsustainable farming to 80% of deforestation, 70% of freshwater use, and nearly a quarter of greenhouse gas emissions. It also classified 46% of global land as dry, stressing the need for urgent action.