From the third quarter 2015 Bahri will transport the crude on its VLCCs from the Gulf and Red Sea to Korea, generating minimum annual revenues for the Saudis of SAR250m ($66m).
S-Oil has spot chartered Bahri's ships frequently over the past 10 years. The new deal will give Bahri access to cargoes bound for the Arabian Gulf and the East, as S-Oil gains increased flexibility.
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