Japan, Saudi Aramco extend Okinawa crude storage deal


TOKYO: State-run Japan Oil, Gas and Metals National Corp (Jogmec) said it signed a contract with the world’s top exporter Saudi Aramco to extend a crude oil storage deal on the island of Okinawa by three years.

Under the agreement, Saudi Aramco can store up to one million kilolitres (6.3 million barrels) of crude oil on the island southwest of mainland Japan for the next three years, Jogmec said in a statement.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , saudi

Next In Business News

Kee Ming IPO oversubscribed 54.16 times ahead of ACE Market debut
IOI Properties Group sells industrial land for RM740mil
SBS Nexus partners with NCSM on Lung Shield Programme
Profit-taking drags FBM KLCI lower as sentiment turns cautious
KAF Digital Bank appoints Suzaini Mukhtar as CEO
Nomura sees optimistic outlook for Malaysian equities amid stronger ringgit
Govt expects fiscal deficit to shrink to 3.5% in 2026, says Amir Hamzah
Gold climbs back near US$5,100 as US-Iran tensions flare
MISC to supply liquefied carbon dioxide carrier to Northern Lights CCS project
Dollar steady, yen softer ahead of Japan election

Others Also Read