REUTERS
May 18, 2022 at 15:25 JST
A wind farm is planned in a sea area in the background between Oshima island, right, and Meshima island, which make up Shirashima. An oil storage facility is located near Oshima. (Asahi Shimbun file photo)
Japan’s industry ministry said on Wednesday it will hold an auction on June 10 to sell 750,000 kiloliters, or 4.72 million barrels, of oil from its national reserve in a release coordinated by the International Energy Agency to cool prices.
The supply will become available to the winning bidders on July 20 or later, it said in a statement.
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