As Mideast tensions rise, Japan to share oil reserves regionally

Tokyo eyes diplomatic goodwill and access to region's refineries in return

20200116N Japan refinery

An oil refinery in Japan: the country wants access to Southeast Asian refineries should its own become unavailable due to natural disasters. © Reuters

KOSUKE TAKEUCHI, Nikkei staff writer

TOKYO -- Japan is moving to share its oil reserves with Southeast Asia to cushion the region from any disruptions to Middle Eastern supply, especially amid heightened tensions between the U.S. and Iran.

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