Middle East Economic Survey
VOL. LIII
No 51
20-Dec-2010
SAUDI ARABIA
Saudi Aramco Signs Agreement With JOGMEC For Crude Storage On Okinawa
Saudi Aramco has signed an agreement with the Japan Oil, Gas and Metals National Corporation (JOGMEC) allowing the company to store crude oil destined for commercial use in Japan on the island of Okinawa. The three-year lease agreement is for tanks with a total capacity of 600,000 kiloliters (3.77mn barrels). The first vessel to discharge crude under the...
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