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Western Europe and Japan have historically had limited domestic crude oil resources, relying heavily on imports to meet their energy needs. While some countries in Western Europe, like Norway, have significant oil reserves, the overall abundance of crude oil in the region is low compared to other areas such as the Middle East. Japan, on the other hand, has virtually no significant oil reserves and depends entirely on imported oil. Consequently, both regions have focused on energy diversification and efficiency.

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4w ago

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