Kuwait's KPC signs deal to store 3.14mln barrels of oil in Japan, news agency reports

The agreement is part of KPC's efforts to secure storage abroad and increase its market share in the Far East

  
A petrochemical plant is reflected in a puddle at an industrial complex in Kawasaki near Tokyo August 31, 2015. Image used for illustrative purpose

A petrochemical plant is reflected in a puddle at an industrial complex in Kawasaki near Tokyo August 31, 2015. Image used for illustrative purpose

REUTERS/Thomas Peter

DUBAI- State-owned Kuwait Petroleum Corp (KPC) signed an agreement to store 3.14 million barrels of crude oil in Japan, Kuwait News Agency reported on Wednesday, citing the company's deputy managing director of international marketing, Ghadeer al-Qadfan.

The agreement is part of KPC's efforts to secure storage abroad and increase its market share in the Far East, he said according to the state-run news agency.

(Reporting by Maher Chmaytelli; Editing by Edmund Blair) ((maher.chmaytelli@thomsonreuters.com;))


More From Commodities