Showa Shell Sekiyu KK, a Japanese refiner half owned by Royal Dutch/Shell, is planning to nearly double its purchases of Iraqi crude in January, the Nihon Keizai Shimbun reported on Thursday.
The company will import some 1.13 million barrels of Basra Light crude in January, up from around 620,000 barrels in December, the paper said.
The oil will be acquired through Royal Dutch/Shell.
Showa Shell may also boost its purchases in February if the price remained low compared to that of other oil-producing nations, the paper added.
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