SAUDI ARABIA
Marubeni Secures Saudi Netback Deal
Japan's Marubeni is understood to have signed up for a 50,000 b/d supply of Saudi crude for delivery to Japan starting on 1 February, under a netback-priced deal with Saudi Arabia. This follows the conclusion of similar Saudi netback deals with Mitsubishi for 100,000 b/d and Kyodo Oil for 70,000 b/d (MEES, 3 February).
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