VOL. XXXVII

NO. 12

20-DECEMBER-1993

Saudi Arabia

Saudi Aramco Leases Caribbean Crude Storage Facilities

Saudi Aramco has signed a long-term lease with Statia Terminals to store 5mnbarrels of crude oil on St Eustatius in the Caribbean. The storage facilitiesare being built by Statia's parent company CBI Industries, and completion isexpected in the first quarter of 1995. Statia has space to build up to 15mnbarrels of additional storage capacity once the project with Saudi Aramco iscompleted. In June...