Japan's Inpex stays committed to Middle East oil despite Hormuz disruption

Inpex, Japan's largest oil and gas producer, remains committed to its operations in the Middle East despite disruption to shipping through the Strait of Hormuz. This has impacted its offshore operations in Abu Dhabi, but onshore production has remained unaffected. Inpex's managing director in Abu Dhabi, Masato Kamiya, stated that the company will work to increase production and reduce reliance on Middle Eastern oil.

Onshore production in Abu Dhabi has continued without disruption during the crisis, although offshore crude operations have faced difficulties. Kamiya expressed a desire to provide more crude oil to Japan from Abu Dhabi, contingent on market conditions. The disruption in supply has highlighted the importance of Middle Eastern oil for Japan's energy security, with the country sourcing about 94% of its crude imports from the region in 2025.

Japan's crude imports fell to around 850,000 barrels per day in April, a significant decrease from previous levels. The company seeks a balanced portfolio, with Middle East operations remaining a core area. Japan is also exploring alternatives to diversify its crude supplies amid the crisis, which has led to record-high petrol prices and disruptions in petrochemical production.

Inpex is expanding its presence in Abu Dhabi's natural gas sector, having discovered oil, condensate, and gas at Onshore Block 4 in 2021. The company also holds a 5% interest in Abu Dhabi's Bab Gas Cap concession, alongside BP and TotalEnergies. Kamiya emphasized the importance of Inpex's long-term partnership with Abu Dhabi in shaping its global business strategy.