Saudi Arabia and Singapore plan to sign a deal with Saudi Aramco to store crude oil in underground caves on Jurong Island from late 2027. This project aims to increase regional energy security in case the Strait of Hormuz is disrupted.

Saudi Arabia and Singapore plan to sign a deal with Saudi Aramco to store crude oil in underground caves on Jurong Island from late 2027. This project aims to increase regional energy security in case the Strait of Hormuz is disrupted.