Saudi Arabia plans Singapore crude storage to strengthen Southeast Asia supply chain

Arab News · 26‏/10‏/2026، 7:45:11 ص

RIYADH: Saudi Arabia plans to store crude oil in Singapore from the second half of 2027 under a proposed arrangement aimed at strengthening its supply chain in Southeast Asia and supporting the city-state’s energy security. Singapore’s Energy Market Authority and JTC Corp. exchanged a memorandum of understanding with Saudi Aramco at the Singapore International Energy Week, marking an initial step toward establishing the arrangement. Saudi crude would be stored at the Jurong Rock Caverns on Jur