| Japanese Firms Cut Sudan Oil Exports |
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Kansai Electric Power Company, Japan’s second-largest electricity generation firm, will cut crude oil imports from Sudan over concern that oil revenues are being used to fund the Sudanese government’s military campaign in Darfur, according to a recent Bloomberg News Report. Another major Japanese generator, Kyushu Electric Power Company, took similar action and urged importers to seek alternative varieties of crude.
Bloomberg also revealed that Japan’s trade ministry has held hearings with the country’s refiners and utilities to study the effects of a possible ban on all oil imports from Sudan in response to the situation in Darfur. Japan, the world’s second largest oil importer and a top importer of Sudanese oil, is the first nation to publicly consider such action since conflict broke out in Darfur over four years ago. See SDTF press release at www.sudandivestment.org |
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