Saudi Aramco, Japan to increase Okinawa crude storage deal

02 Sep 2016

(MENAFN) Saudi Aramco and Japan agreed on 2mn barrel expansion of crude storage capacity in Okinawa, used by the state-run company to store oil.

Moreover, Saudi Aramco and Abu Dhabi National Co. store up to 1mn kilolitres of crude oil in Okinawa, which is southwest of mainland Japan.

Additionally, both sides confirmed to enhance and extend the recent storage agreement.

Meanwhile, Aramco signed MOU on business cooperation in Tokyo with Japanese firms involving three main banking groups.

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