The Japan Organization for Metals and Energy Security (JOGMEC) has renewed its agreement with Saudi Aramco for crude oil storage, transportation, and tank leasing for the next three years.
JOGMEC will lease 13 crude oil storage tanks to Saudi Aramco at the CTS facility in Okinawa, Japan. This will give Saudi Aramco the capacity to store around 8.2 million barrels (1.3 million m3) of crude oil over the next three years.
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