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Saudis seen bolstering oil market share defence with Asian storage

Oil storage in Japan, China can give the Saudis greater logistical flexibility to quickly tap local demand

Mr Al-Falih said state-run producer Aramco is negotiating for commercial and government crude storage projects in China to help the country import more Saudi crude.


SAUDI Arabia is poised to expand use of oil storage tanks in Japan and China, strengthening ties with its two largest Asian buyers as it fends off competitors for market share.

The world's biggest exporter plans to increase the amount of storage capacity it uses on Japan's...

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