Japan sets March 9 for auction of oil from reserve

Japan sets March 9 for auction of oil from reserve
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Updated 16 February 2022
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Japan sets March 9 for auction of oil from reserve

Japan sets March 9 for auction of oil from reserve

TOKYO: Japan will hold an auction on March 9 to sell about about 1.64 million barrels, or 260,000 kiloliters, of oil from its national reserve, the industry ministry said on Wednesday.

Supply will be available to winning bidders from April 20, the ministry said in a statement.