Gulf Oil and Gas accountACCOUNT

Lease Strengthens Ties in Asian Region

Source: www.gulfoilandgas.com 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 >>

United Arab Emirates >>  8/21/2019 - Aker Solutions has won an order from ADNOC (Abu Dhabi National Oil Company) to deliver subsea umbilicals for the Dalma gas development project located...
United Arab Emirates >>  8/21/2019 - The Abu Dhabi National Oil Company (ADNOC) announced the award of multi-billion-dollar contracts for the procurement of casing and tubing as it drives...

Qatar >>  8/15/2019 - Seadrill Limited (Seadrill) refers to the announcements made on May 1, 2019 in connection with the award of drilling contracts by Qatar Petroleum to ...
Oman >>  7/31/2019 - BP and Eni have signed an exploration and production sharing agreement (EPSA) for Block 77 in central Oman with the Ministry of Oil and Gas of the Sul...

United Arab Emirates >>  7/31/2019 - OMV, the international integrated oil and gas company based in Vienna, and ADNOC, the Abu Dhabi National Oil Company, closed the strategic equity part...
United Arab Emirates >>  7/29/2019 - National Petroleum Construction Company (NPCC), in conjunction with its joint venture (JV) partner Petrofac, has secured a new contract with Al Yasat ...

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

AE BH IL IQ JO KW LB OM QA SA SY YE
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.