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.