Aramco President Warns of Oil Supply Risks
Saudi Aramco President Amin Nasser warned that pressures on global oil supplies pose a significant risk, as inland commercial inventories have fallen below 6 billion barrels, most of which are not available. He indicated that tensions will increase until the Strait of Hormuz is fully reopened, and replenishing stocks could take up to two years. The company is also working on expanding its export and industrial capacity, aiming to increase gas sales by 80% by 2030, while emphasizing the importance of international efforts to protect energy infrastructure.
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