Arabian Post
Singapore secures Saudi crude storage plan for 2027
Arabian Post Staff -Dubai Singapore and Saudi Arabia have agreed to pursue underground crude oil storage on Jurong Island from the second half of 2027, strengthening supply safeguards amid disruptions caused by the war involving Iran. The two governments announced the proposed arrangement on Monday as Saudi Aramco exchanged a memorandum of understanding with Singapore’s Energy Market Authority and industrial infrastructure agency JTC Corporation during Singapore International […] The article Singapore secures Saudi crude storage plan for 2027 appeared first on Arabian Post.
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