The Japanese authorities will sell part of their oil reserves from their strategic reserves, Japanese Prime Minister Fumio Kishida said. transfers Nikkei. A day earlier, US President Joe Biden also stated on the sale of 50 million barrels. oil from the strategic reserve of the country.
“We decided to keep up with the United States and sell part of the national oil reserves in such a way as not to violate the current oil reserves law,” Kishida said.
According to him, the main goal of the sale of reserves is to stabilize gasoline prices. At the same time, the prime minister did not specify the volume of reserves that will be sold, and the timing of this process.
A day earlier Nikkei citing sources reportedthat after the US decision, the Japanese government intends to sell about 4.2 million barrels of oil. The tender for the sale will take place before the end of the year, the newspaper said.