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Aramco conducts rare oil sale to China
Saudi Aramco announced that it has sold no fewer than four million barrels of crude oil to two Chinese refining companies, which loaded the oil outside the Strait of Hormuz. This move is part of its efforts to restore export operations after a period of suspension due to attacks on its fleet in the strait. The step comes after the company resumed loading oil from within the strait last week amid escalating tensions between the United States and Iran, with tankers waiting to load. The deal demonstrates that Aramco is strengthening its oil sales to Asian countries and is linked to its efforts to ensure the stability of its oil supplies.
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