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Saudi Arabia to sign emergency oil supply deal with Japan
- Saudi Arabia: Saturday, February 09 - 2013 at 04:56
Saudi Arabia is set to sign an agreement with Japan this week allowing Tokyo to make emergency requests for additional supplies of crude oil, Reuters has reported. The agreement would set up a telephone hotline between the two governments to allow Japan to quickly seek additional oil supplies in the event of extraordinary circumstances such as terrorist attacks, unrest in the Middle East or a spike in the price of oil.
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