日韩计划加强石油保供合作

Core Insights - South Korea and Japan are enhancing cooperation on oil supply security in response to the recent Israel-Iran conflict, which raises concerns about potential disruptions in high-sulfur crude oil trade from the Middle East [1] - The Korea National Oil Corporation (KNOC) and the Japan Oil, Gas and Metals National Corporation (JOGMEC) held an annual meeting to discuss oil reserve policies, emphasizing the importance of regular collaboration for energy security [1] Group 1 - Both South Korea and Japan rely heavily on oil imports, with their crude oil demand almost entirely dependent on imports from the Persian Gulf [1] - KNOC reports that the combined oil reserves of the South Korean government and private sector can sustain supply for 206.9 days, while Japan's reserves can last for 199.3 days [1] - Japanese refiners indicate that over 80% of their crude oil procurement comes from Saudi Arabia and the UAE, highlighting the need for preparedness in light of the Israel-Iran conflict [1] Group 2 - Future plans include regular meetings between KNOC and JOGMEC to share experiences and strengthen energy security cooperation [1] - South Korean refiners are expected to prioritize meeting the spot procurement needs of Japanese buyers during peak demand seasons, such as the summer travel season and winter heating period [2] - Over the past decade, South Korean refining companies have established strong business relationships with Japanese trading companies and refineries, facilitating regular spot tenders for middle distillates [2]