Saudi Aramco Studies Two More Oil Export Routes as Hormuz Risks Persist
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The Objective | Periodismo ethos
elperiodicodelaenergia.comSaudi state-owned Aramco, the world’s largest oil company, evaluates building new crude oil export routes and increasing storage outside Arabia [...]
Aramco CEO Eyes "Fourth & Fifth" Oil Export Routes To Break Hormuz Chokehold
Aramco CEO Eyes "Fourth & Fifth" Oil Export Routes To Break Hormuz Chokehold Brent crude futures climbed back above $104 a barrel early Thursday as Iran threatened to widen the Middle East conflict into the Indian Ocean and optimism surrounding yesterday's meetings between US and Iranian…
Aramco CEO Confirms Engineering Work on Two New Crude Export Routes Beyond Hormuz
Saudi Aramco is no longer treating Hormuz disruption as a contingency. It's treating it as the baseline.Key takeawaysSaudi Aramco CEO Amin Nasser confirmed September 24 in Tokyo that Aramco is conducting engineering and feasibility work on a "fourth and a fifth" crude export route, beyond its three existing corridors, to reduce dependence on the Strait of Hormuz.Nasser said directly: "I don't think things are getting better," contradicting U.S. …
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