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مصراوي
Saudi Crude Storage Plan
Saudi Arabia plans to store crude oil in Singapore’s Jurong Rock Caverns to strengthen energy security, improve supply resilience to Southeast Asia, and reduce the risk of disruptions. The move follows a memorandum of understanding between Saudi Aramco and Singapore’s Energy Market Authority and JTC Corporation, with operations set to begin in the second half of 2027. The caverns lie up to 150 metres underground and have a capacity of about 1.47 million cubic metres, or nearly 9 million barrels.
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