Business · Energy & Commodities · 59 mins ago
Saudi Arabia plans crude oil storage in Singapore from 2027
Saudi Arabia is arranging to store crude oil in Singapore under a plan reported on October 26, 2026.
The storage is due to begin in 2027, although one source specifies the second half of the year.
The two accounts give different levels of detail about when the plan starts.
Neither account states how much oil will be stored or describes the terms of the arrangement.
The information available does not explain how the stored crude will be used.
The plan links Saudi crude storage with Singapore, but further details are not provided.
Saudi Arabia and Singapore plan to arrange storage of Saudi crude oil in Singapore’s Jurong rock caverns.
Storage operations are expected to begin in the second half of 2027.
The countries’ energy ministries said the stored crude could help meet Singapore’s energy needs if supplies are disrupted.
The plan is intended to improve the reliability of Saudi oil supplies to Southeast Asia and strengthen Singapore’s energy security.
Singapore’s Energy Market Authority and JTC Corporation exchanged copies of a memorandum of understanding with Saudi Aramco as a first step.
- Who
- The Saudi and Singaporean energy ministries, Saudi Aramco, Singapore’s Energy Market Authority and JTC Corporation.
- What
- They plan to arrange storage of Saudi crude oil in Singapore. The amount to be stored has not been stated.
- When
- Storage is expected to begin in the second half of 2027.
- Where
- The Jurong rock caverns on Jurong Island, Singapore.
- Why
- To improve the reliability of oil supplies to Southeast Asia and help meet Singapore’s energy needs if supplies are disrupted.
This story does not have two clearly opposing sides.
Saudi Arabia and Singapore announced their intention to arrange storage of Saudi crude oil in Singapore.
Singapore’s Energy Market Authority and JTC Corporation exchanged copies of a memorandum of understanding with Saudi Aramco during Singapore International Energy Week.
Storage operations are expected to begin.
- Storage site
- Jurong rock caverns, Jurong Island, Singapore
- Expected start
- Second half of 2027
- Parties to memorandum
- Singapore’s Energy Market Authority and JTC Corporation, and Saudi Aramco
- Cavern capacity
- 1.47 million cubic metres of liquid hydrocarbons, equivalent to 9 million barrels
- Planned Saudi crude volume
- Not stated
4 sources
What people are saying
Storing Saudi crude in Jurong will strengthen the supply chain’s ability to withstand disruptions in Southeast Asia and support Singapore’s energy security.
Bringing supplies closer to major Asian markets will strengthen the resilience of the Saudi supply network and support energy security and Singapore’s readiness to face any disruptions.