USD 103.3837

-0.85

EUR 109.7802

-0.42

Brent 71

-1.24

Natural gas 3.091

+0.01

273

Saudi Aramco to fill 8.2 mln barrels at Japan oil storage by September 13

Saudi Aramco is now expected to fill its maximum leased crude storage capacity of 8.18 million barrels at a crude storage terminal at Okinawa.

Saudi Aramco to fill 8.2 mln barrels at Japan oil storage by September 13


Saudi Aramco is now expected to fill its maximum leased crude storage capacity of 8.18 million barrels on September 13 after the receipt of a VLCC at a crude storage terminal at Okinawa in southwestern Japan, Platts reported on September 11, 2017.

Saudi Aramco has received a fully loaded VLCC overnight at a crude storage terminal at Okinawa and is getting its cargo discharged from Monday morning, a source familiar with the matter told Platts.

The Hilwah from Ras Tanura in Saudi Arabia is currently at the Okinawa oil jetty, according to Platts trade flow software cFlow.

Saudi Aramco is filling up Saudi crude to its maximum leased capacity of 8.18 million barrels, up from 6.29 million barrels earlier as it is bringing 300,000 kiloliters, or 1.89 million barrels, on the VLCC, following a number of government and governmental agencies agreements since October last year, the METI source said.

Under the latest agreement between Saudi Aramco and state-owned Japan Oil, Gas and Metals National Corp., Saudi Aramco can use 3 more 100,000-kl storage tanks at Jogmec's terminal in Okinawa for commercial use.

The agreement allows Saudi Aramco to use the storage capacity at Okinawa free of charge for commercial use in exchange of prioritizing crude supplies to Japan in an emergency.


Follow us on Facebook
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru