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Thursday, November 20, 2025 0:18 GMT
The Japan Organization for Metals and Energy Security (JOGMEC) said on Wednesday that it has renewed a deal with Saudi Aramco for crude oil storage on the island of Okinawa for another three years. Under the deal, the state-run JOGMEC leases 13 national crude oil stockpiling tanks on the island southwest of mainland Japan to Aramco, enabling Saudi Arabia's state oil producer to store about 1.3 million kilolitres of crude oil for the next three years, JOGMEC said in a statement. In return for...More