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...