Tokyo (Platts)--7Dec2012/339 am EST/839 GMT
Japan's CIF crude import price over November 11-20 averaged Yen 57,382/kl ($115.64/barrel), up 0.3% from Yen 57,231/kl over November 1-10, data released Friday by the Ministry of Finance showed. The November 11-20 price was also up 7.1% from Yen 53,591/kl in the same period a year ago. The dollar/yen exchange rate averaged Yen 78.89 over November 11-20, compared with Yen 79.61 over November 1-10 and Yen 77.87 a year ago.Article continues below...Request a free trial of: Oilgram NewsOilgram News brings fast-breaking global petroleum and gas news to your desktop every day. Our extensive global network of correspondents report on supply and demand trends, corporate news, government actions, exploration, technology, and much more.
Japan's CIF crude import price over November 11-20 averaged Yen 57,382/kl ($115.64/barrel), up 0.3% from Yen 57,231/kl over November 1-10, data released Friday by the Ministry of Finance showed. The November 11-20 price was also up 7.1% from Yen 53,591/kl in the same period a year ago. The dollar/yen exchange rate averaged Yen 78.89 over November 11-20, compared with Yen 79.61 over November 1-10 and Yen 77.87 a year ago.
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Japan imports around 90% of its crude oil from the Middle East, 30% of which is from Saudi Arabia. It takes about 20-25 days to ship crude from the Middle East to Japan.--Takeo Kumagai, takeo_kumagai@platts.com --Edited by Deepa Vijiyasingam, deepa_vijiyasingam@platts.com
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