OPEC

 

Saudi Arabia Increases Asian Focus With Japan Oil Storage Deal

 

Saudi Aramco and Japan Oil, Gas and Metals National Corporation (JOGMEC) have renewed for a further three years a deal for crude oil storage on Japan’s Okinawa island. The renewal of the previous accord, which expired in December 2013, also raises significantly the volume of crude oil that the state-owned Saudi oil company will store close to its three key Asian customers. Aramco said in a statement...