Saudi Arabia plans to store oil in Singapore Saudi Arabia's Ministry of Energy and Singapore's Ministry of Energy, Trade and Industry issued a parallel statement on October 26. As part of the Singapore International Energy Week (SIEW), the Singapore Energy Market Authority (EMA), JTC Corporation and the Saudi oil company Saudi Aramco exchanged a memorandum of understanding. The document was the first step towards implementing the initiative.
Saudi Arabia plans to store oil in Singapore Saudi Arabia's Ministry of Energy and Singapore's Ministry of Energy, Trade and Industry issued a parallel statement on October 26. As part of the Singapore International Energy Week (SIEW), the Singapore Energy Market Authority (EMA), JTC Corporation and the Saudi oil company Saudi Aramco exchanged a memorandum of understanding. The document was the first step towards implementing the initiative.
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