Japan offers Mexican crude from strategic reserves

TOKYO: Japan's trade ministry on Monday issued a tender offering a total 1.89 million barrels (about 300,000 kilolitres) of Mexican crude from the government's Strategic Petroleum Reserves as part of a plan to replace the oil with other grades.

The tender will be held on Aug. 13.

The tender is for about 1 million barrels (160,000 kl) to be delivered between Sept. 10-Oct. 20 and the remaining 881,000 barrels (140,000 kl) to be delivered in Nov. 10-Dec. 20, the tender document showed.