Gulf Oil and Gas accountACCOUNT

Lease Strengthens Ties in Asian Region

Source: 2/9/2011, Location: Middle East

Saudi Aramco has agreed to lease storage tanks from Japan Oil, Gas and Metals National Corp. (JOGMEC) for the storage of Arabian crude oil at Japan’s Okinawa storage facilities.

The agreement follows Saudi Aramco’s agreement with Japan’s Agency for Natural Resources and Energy for a joint project to use crude oil storage facilities in Okinawa.

The project will secure storage for Arabian crudes in Japan and is also expected to further strengthen the company’s ties in the Asian region, having readily available crude oil supplies for its commercial customers in Asia.

“This agreement further underlines our long-standing relationship and commitment to being a reliable long-term supplier to our customers in the wider Asia region,” said Dawood M. Al-Dawood, vice president of Marketing, Supply and Joint Venture Coordination.

The agreement allows for about 3.8 million barrels of Arabian crudes to be stored at the storage facilities initially, with the option of expanding storage in the future. The first shipment is expected to be delivered in the first quarter of 2011.

Vessels, Tanks >>

Vessels, Tanks News in Saudi Arabia >>

Saudi Arabia >>  4/15/2019 - The Saudi Arabian Oil Company (Saudi Aramco) and Hyundai Heavy Industries Holdings today announced that they have reached an agreement for Saudi Aramc...
Qatar >>  4/12/2019 - McDermott International, Inc. (MDR) announced a large* contract award from Qatargas for engineering, procurement, construction and installation (EPCI)...

Saudi Arabia >>  4/5/2019 - McDermott International has signed a Joint Venture Agreement with Zamil Offshore to target the Maintenance, Modifications and Operations (MMO) market ...
Saudi Arabia >>  4/1/2019 - Subsea 7 has announced the award of two contracts from Saudi Aramco for Conventional projects in shallow water offshore Saudi Arabia. ...

Related Categories: Barrels & Containers  Dish Ends  General  Glass Lined Tanks  Metal Pressure Vessels  Metal Tanks  Plastic Pressure Vessels  Plastic Tanks  Steel Plates  Vessels Internals 

Related Articles: Barrels & Containers  General  Glass Lined Tanks  Metal Pressure Vessels  Metal Tanks  Plastic Tanks  Steel Plates  Vessels Internals 

Saudi Arabia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 |

More News

Related Links

Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.