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Monday, 27 December 2021 16:52

Japan to hold auction on Feb. 9 to sell 100,000 kl of oil from national reserve

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Japan oil auction - 

 

Japan's industry ministry said on Monday it will hold an auction on Feb. 9 to sell about 100,000 kilolitres, or 628,980 barrels, of oil from its national reserve as a part of the U.S.-led coordinated release of oil reserve to cool rising crude prices.

The supply will become available to the winning bidder on March 20 or later, it said in a statement//CNA

 

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