Middle East Economic Survey

VOL. LIII

No 25

21-Jun-2010

SAUDI ARABIA

Saudi Aramco And Japan Agree On Crude Storage In Okinawa

Saudi Aramco and Japans Agency for Natural Resources on 14 June agreed in principle to a project that will enable Saudi Aramco to store 3.77mn barrels of crude oil at facilities on Okinawa, Japans Ministry of Economy, Trade and Industry (METI) said in a statement. Okinawa CTS Corporation will store the Saudi crude, with deliveries set to begin before the end of the year....