Middle East Economic Survey

VOL. XLVIII

No 24

13-June-2005

JOGMEC Negotiating With Saudi Aramco To Buy LPG For New Storage Facilities

Japan Oil, Gas and Metals National Corporation (JOGMEC) is negotiating with Saudi Aramco for the supply of four-five cargoes a year of LPG to fill 1.5mn tons of new storage capacity to be brought into operation between now and the end of 2007, MEES understands. JOGMEC and Saudi Aramco have agreed terms for the additional supplies, but Japanese trader Mitsui, which...