Japan has begun talks with the International Energy Agency on measures to help ease the petroleum supply situation in the U.S. Gulf Coast area, including a possible release of some of Japan's strategic oil reserves, a trade ministry official said Friday.
"We've received a call from the IEA and started talks with them on measures for the oil supply disruption in the U.S.," a senior official at the Ministry of Economy, Trade and Industry said on condition of anonymity in accordance with ministry practice.
On Wednesday, the IEA began consultations with its members on the release of some of their oil products inventories after Hurricane Katrina ravaged the Gulf Coast and dealt a blow to U.S. refining and production capacity.
Indeed, how dare they run US-independent policy? They should have followed the example of the European Union that turned independent states of the Old World into US-ditto entities
After the incident with the shootdown of the Ilyushin Il-20 reconnaissance aircraft over the Mediterranean Sea, Russia will supply an S-300 anti-aircraft missile system to Syria