Exxon Mobil Corp. said Thursday it will export petroleum products from Japan to the United States and Europe in an effort to allay supply concerns sparked by the recent hurricane disaster in the U.S.
The major petroleum product distributor plans to export 22,000 kiloliters of alkylate, used to produce gasoline, to the United States early next month and 100,000 kiloliters of diesel oil to Europe later this month.
This is the first time a major oil distributor has taken a step to help alleviate concern over the hurricane damage by releasing petroleum products from their inventories in Japan for export, according to the company.
On Tuesday, the Japanese government decided to free a total of 7.3 million barrels from oil reserves held by private oil firms.