News // Transportation and storage
Saudi Aramco to fill 8.2 mln barrels at Japan oil storage by September 13
12 September 2017 , 12:10Neftegaz.RU237
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.
18:00 14.09.2017Saudis said to prepare for possible Aramco IPO delay to 2019
16:08 31.08.2017Chinese CNOOC received the 1st-ever oil cargo from Saudi Aramco
16:08 17.08.2017Shell completes Sadaf stake sale to Sabic for $ 820 million
15:21 14.08.2017Saudi Arabia budget deficit halves after reforms, oil rebound in 1st half this year
16:10 08.08.2017Oil prices turn higher after reports of Saudi crude cuts to Asia