Saudi Arabia stores its oil in Singapore Saudi Arabia and Singapore have announced their intention to conclude an agreement to regulate the storage of Saudi Arabia's crude oil in Singapore, and storage operations are scheduled to begin in the second half of 2027. This agreement will be made with the aim of increasing energy security and flexibility in supply in Southeast Asia. "Saudi Arabia and Singapore announce their joint intention to conclude an agreement to store Saudi Arabia's crude oil in the Jurong Caves from the second half of 2027," said Singapore's Energy, Trade and Industry Minister Tan See Ling at Singapore International Energy Week. Tan added that these measures will increase the flexibility of Saudi Arabia's crude oil supply chains in Southeast Asia and support Singapore's energy security and ability to deal with supply disruptions.

Saudi Arabia stores its oil in Singapore Saudi Arabia and Singapore have announced their intention to conclude an agreement to regulate the storage of Saudi Arabia's crude oil in Singapore, and storage operations are scheduled to begin in the second half of 2027. This agreement will be made with the aim of increasing energy security and flexibility in supply in Southeast Asia. "Saudi Arabia and Singapore announce their joint intention to conclude an agreement to store Saudi Arabia's crude oil in the Jurong Caves from the second half of 2027," said Singapore's Energy, Trade and Industry Minister Tan See Ling at Singapore International Energy Week. Tan added that these measures will increase the flexibility of Saudi Arabia's crude oil supply chains in Southeast Asia and support Singapore's energy security and ability to deal with supply disruptions.