Energy security through FDI: The legacy of Early Japanese Investment in the Oil Sectors of the Persian Gulf

•Japan's FDI in the Middle East energy sectors was backed by strong support by Japanese government, while the objective of the FDI was the enhanced access to energy resources and lower cost energy feedstock.•The FDI was regarded as an important tool to enhance economic and strategic relations b...

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Bibliographic Details
Published in:Resources policy 2021-12, Vol.74, p.102165, Article 102165
Main Authors: Koyama, Ken, Krane, Jim
Format: Article
Language:English
Subjects:
Capital
Cooperation
Economic diversification
Economic structure
Economics
Energy industry
Energy resources
Energy security
Energy sources
Energy transition
Energy utilization
Foreign investment
International cooperation
Japan's FDI
Middle East
Petroleum
Security
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Summary:•Japan's FDI in the Middle East energy sectors was backed by strong support by Japanese government, while the objective of the FDI was the enhanced access to energy resources and lower cost energy feedstock.•The FDI was regarded as an important tool to enhance economic and strategic relations between Japan and resource-rich Middle East countries, and some of the FDI is still a significant source of crude oil import in Japan.•But, in a more general context, Japan’ oil supply security has been affected by other more influential factors such as the world oil market situation.•Japan's FDI played a role to enhance relations between Japan and the host countries. But the effect of FDI on the creation of new jobs is limited by the fact that FDI flows strictly targeted the capital-intensive energy sector.•Middle East countries nowadays need to diversify their economic structure in the midst of the ongoing global energy transition. The Japanese government and industry are working hard to promote economic cooperation to such an initiative as “Vision 2030”.
ISSN:0301-4207
1873-7641
DOI:10.1016/j.resourpol.2021.102165