Mexico to send one million barrels of crude oil to Japan, president says

SEATTLE (Oil Monster): Mexico will send one million ​barrels of crude oil to ‌Japan, President Claudia Sheinbaum said on Thursday, noting that up to 1.4 million barrels per ​day (bpd) of Mexico's total output is ​used for domestic refineries and the ⁠remainder is exported.

"The agreement is for ​one million barrels to be delivered ​over a specified period," Sheinbaum said during her regular morning press conference. "It was an ​agreement requested by Japan through Pemex, ​and we ratified it during our phone conversation."

On ‌Tuesday, ⁠Sheinbaum and Japan's Prime Minister Sanae Takaichi agreed to enhance their cooperation on energy matters as the ​Iran war ​disrupts global ⁠supply.

Takaichi had also requested cooperation in building a favorable ​environment for Japanese companies operating ​in ⁠Mexico as both leaders agreed to strengthen trade relations.

Mexico exports between 400,000 ⁠and ​500,000 bpd.

 Courtesy: www.reuters.com