Saudis state-run oil giant Saudi Aramco signed a contract with state-run Japan Oil, Gas and Metals National Corp (JOGMEC) that would allow the Saudi company to store crude oil in Japan from February 2011 onwards.

Iraq and Jordan have agreed in principle on building a pipeline between both countries to supply Amman with crude oil for the coming decades, officials announced after a visit to Iraq by Jordans prime minister, Samir Rifai.

Wintershall, Germanys largest producer of crude oil and natural gas, part of the BASF Group, earlier this year opened a new branch in Abu Dhabi.

Tenaris recently inaugurated its first plant in Saudi Arabia, Tenaris Saudi Arabia Ltd., in the presence of Saudi Aramco executives and members of local authorities.