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Japan’s JERA Creates Oil Storage Firm to Manage National Reserve Sites

Japanese energy firm JERA is creating an oil storage company which will exclusively manage the operation of the national petroleum stockpiling bases that JERA currently operates, as the Middle East…

  • JERA establishes JERA Oil Storage to manage national petroleum stockpiling sites.
  • New firm handles four bases in Tomakomai-Tobu, Akita, Fukui, and Shibushi.
  • Aim is to ensure safe, stable operations amid Middle East oil supply disruption.

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