KSA supplies 40% of Japan's energy needs – Minister

Riyadh – Mubasher: Saudi Arabia is meeting around 35% to 40% of Japan's energy needs, Saudi Minister of Energy, Industry and Mineral Resources Khalid Al-Falih said on Sunday.

Japan’s bid to establish a solar plant in the Kingdom was chosen from eight offers which were presented to the ministry, Al-Falih added.

Saudi Arabia will launch full-fledged strategy for logistics services, in addition to injecting mega investments into airports and trains, according to the Saudi Arabian General Investment Authority (SAGIA).

The Japanese government provides free storage for Saudi Aramco on its land and the state-owned crude producer can store about 6.3 million barrels of oil.

The largest oil firm stores for free in Okinawa since 2011 and through its inventories Aramco provides China, Japan, South Korea, and other countries with oil.

Mubasher Contribution Time: 14-Jan-2018 12:41 (GMT)
Mubasher Last Update Time: 14-Jan-2018 12:51 (GMT)

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