Middle East Economic Survey

VOL. LIV

No 8

21-Feb-2011

SAUDI ARABIA

Saudi Aramco Set To Deliver First Crude Cargoes To JOGMEC Storage Facility

Saudi Aramco expects to deliver its first cargoes of crude this month to storage tanks leased from Japan Oil, Gas and Metals National Corporation (JOGMEC) located on the island of Okinawa, southwest Japan, JOGMEC said in a statement on 15 February. This comes after Saudi Aramco agreed to lease capacity to store 3.8mn barrels of oil for a period of...