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Saudi Aramco Can Fix Malfunctions Quickly
Saudi Aramco has announced that it possesses the capability to repair any disruptions in its operations within days. The company is also considering establishing alternative oil export routes to confront geopolitical threats, especially amid escalating tensions with Iran. CEO Amin Nasser stated that the company relies on its operational flexibility and logistical expertise to ensure the continuity of global supplies despite these challenges. Currently, it is exploring the development of two new export routes in addition to the existing three, while also working on enhancing its external storage capacities. He emphasized that the East-West pipeline project comprises a network of lines that offer significant flexibility. The company is evaluating the expansion of its external capabilities to meet global demand, warning that pressures on the energy market could increase the levels of disruptions, which underscores the importance of maintaining stable and reliable oil flows.
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