2004 News Story

Aramco and Shell sign accord for supply of oil to Japan

Saudi Aramco has signed an accord with a consortium from Royal Dutch Shell to boost its international position in refining and marketing. Under the accord, Saudi Armco will acquire a strategic share of around 9.96 percent of Showa-Shell, a refinery and marketing company, and provide it with at least 300,000 barrels of crude oil per day. This makes Saudi Aramco the biggest supplier of crude oil for Japan, with a total of one million barrels of crude per day, and enhances its role as a reliable source of refined and high-quality petroleum products for that country.