Saudi Aramco leases Fujairah storage facility

14 March 2013

Deal brokered between oil giant and Vopak Horizon

The state-owned oil company Saudi Aramco has signed a deal with the UAE’s Vopak Horizon that will see the company lease storage facilities at Fujairah in the UAE.

The deal has been agreed through Aramco’s new marketing department, Aramco Trading, which has been developed to facilitate the global sales of the oil company’s downstream portfolio.

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