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Saudi Arabia

Saudi Aramco to Acquire More Overseas Storage Capacity

The Saudi Arabian Oil Company (Saudi Aramco), through its subsidiary Bolanter,will acquire more overseas storage capacity with the recent deal to buy the5.2mn barrel Burmpac transhipment terminal and storage facility on Grand BahamaIsland in the Caribbean. A letter of intent has been signed to purchase theBahamas facility by 31 March for a price of some $45-50mn from InternationalDunraine of...