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Japan announces oil pipeline investments
Japan has unveiled a plan to invest in oil pipeline projects in the Gulf Cooperation Council countries, aiming to enhance the resilience of its energy supplies, especially through cooperation with Middle Eastern oil-producing nations to bypass the Strait of Hormuz. The plan will include financial support provided by the Japan Organization for Metal and Energy Security (JOGMEC) and is part of a national strategy to strengthen oil supply security. In 2025, Japan's Gulf oil imports reached 94%, with 93% passing through the strait. The plan also emphasizes diversifying sources of supply and providing support for shipping costs to ensure supply stability amid geographical and security challenges.
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