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[size=36]UAE ADNOC agreed with Japan to store 8.1 million barrels of oil[/size]
Economy | 01:30 - 14/01/2020
Follow-up - Mawazine News
The Emirates News Agency said on Monday that the Abu Dhabi National Oil Company (ADNOC) signed an agreement for energy cooperation with the Japan Natural Resources and Energy Agency to store more than 8.1 million barrels of crude in Japanese storage facilities.
The agreement renews and expands in a previous arrangement between the two sides for storing crude oil that expired in 2019.
Under the new agreement, which has a duration of three years, ADNOC can store crude oil in Japanese facilities and sell it to its customers, provided that it provides the Japanese market with specified quantities if there is a shortage of oil supplies there Ended on 29 / p
The agreement renews and expands in a previous arrangement between the two sides for storing crude oil that expired in 2019.
Under the new agreement, which has a duration of three years, ADNOC can store crude oil in Japanese facilities and sell it to its customers, provided that it provides the Japanese market with specified quantities if there is a shortage of oil supplies there Ended on 29 / p
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