Taiyo Oil said on Friday it is buying crude oil from Russia’s Sakhalin-2 project in the Russian Far East. [1]
The company said the spot purchase is not subject to sanctions. [1]
Taiyo Oil said the buying fits Japanese efforts to diversify procurement and keep supplies stable amid turmoil in the Middle East. [1]
The company did not give further details on the volume or timing of the shipment. [1]
