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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  ENEOS Holdings, Inc.    5020   JP3386450005

ENEOS HOLDINGS, INC.

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Japan says reached oil storage deal with Kuwait

12/01/2020 | 04:57am EST

TOKYO (Reuters) - Japan said on Tuesday it has reached a joint oil storage deal with state-run Kuwait Petroleum Corp (KPC) to lend it 3.14 million barrels (500,000 kilolitres) of capacity for free.

Under the deal, KPC can use storage tanks at refiner Eneos' Kiire base in southern Japan of Kagoshima as an export base for eastern Asia.

In return, Japan gets a priority claim on the stockpiles in case of emergency. The volume is equivalent to 1.5 days of its consumption.

It is Japan's third such agreement, following UAE's Abu Dhabi National Oil Company (ADNOC) and Saudi Arabia's Saudi Aramco, and is aimed at reinforcing its energy security, an official at the Japan's Economy, Trade and Industry Ministry (METI) said.

The latest deal will boost Japan's leased oil storage capacity to a total of 19.5 million barrels (3.1 million kl).

The supply from KPC can be also used in other Asian countries, mainly ASEAN nations, in case of emergency, the official said.

In March, Tokyo mapped out a new international resource strategy under which it aims to expand oil stockpiling scheme which benefits Japan, other Asian countries and oil suppliers.

Kuwait was Japan's fourth-largest oil supplier in 2019 after Saudi Arabia, the UAE and Qatar, providing 8.5% of Japan's oil import, the ministry's official said.

(Reporting by Yuka Obayashi; Editing by Kim Coghill)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ENEOS HOLDINGS, INC. 0.05% 427 End-of-day quote.15.28%
EURO / DIRHAM (EUR/AED) -0.64% 4.4345 Delayed Quote.-0.51%
LONDON BRENT OIL -2.91% 54.8 Delayed Quote.9.17%
SAUDI ARABIAN OIL COMPANY -0.43% 35 End-of-day quote.0.00%
US DOLLAR / DIRHAM (USD/AED) 0.00% 3.6728 Delayed Quote.0.00%
WTI -3.09% 52.11 Delayed Quote.11.60%
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Financials
Sales 2021 7 417 B 71 377 M 71 377 M
Net income 2021 104 B 998 M 998 M
Net Debt 2021 1 824 B 17 556 M 17 556 M
P/E ratio 2021 13,2x
Yield 2021 5,15%
Capitalization 1 371 B 13 208 M 13 194 M
EV / Sales 2021 0,43x
EV / Sales 2022 0,39x
Nbr of Employees 40 983
Free-Float 96,3%
Chart ENEOS HOLDINGS, INC.
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ENEOS Holdings, Inc. Technical Analysis Chart | 5020 | JP3386450005 | MarketScreener
Technical analysis trends ENEOS HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Average target price 521,11 JPY
Last Close Price 427,00 JPY
Spread / Highest target 31,1%
Spread / Average Target 22,0%
Spread / Lowest Target 7,73%
EPS Revisions
Managers and Directors
NameTitle
Tsutomu Sugimori Chairman & Chief Executive Officer
Katsuyuki Ohta President & Representative Director
Hiroko Ota Independent Outside Director
Mutsutake Otsuka Independent Outside Director
Hiroji Adachi Director, EVP & Chief Digital Officer
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