Highlights METI requests exception for Sakhalin 1, 2 equity oil liftings No Japanese refiner imports Russian crude currently: PAJ chief Japan’s Ministry of Economy, Trade and Industry has requested the EU to “avert the impact” on Sakhalin equity oil liftings from the EU’s ban on insuring and financing seaborne transport of Russian oil to third countries, a METI source told S&P Global Commodity Insights June 22. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The METI confirmation came after Petroleum Association of Japan Senior Managing Director Shinya Okuda said at a press conference in Tokyo earlier in the day that he heard “METI is seeking an exception for equity crude liftings from the Sakhalin 1 and 2 projects.” “As far as I understand, there are no [Japanese} refiners importing Russian crude oil currently,” PAJ President Tsutomu Sugimori told the press conference. “Speaking of […]