24 Hrs
Source:
الحقيقة الدولية
Aramco considers new export routes
The Chief Executive Officer of Aramco Saudi Arabia reported that approximately 3 billion barrels of oil supplies were lost due to disruptions in the Strait of Hormuz, which led to damage to maritime shipping and intense pressures on supply chains. The company is currently exploring additional export routes and increasing storage capacity abroad to address these short-term disruptions. He explained that the world started the crisis with oil reserves totaling about 10 billion barrels, a significant portion of which has been processed, but less than 6 billion barrels remain unavailable, putting further pressure on oil supplies until the Strait is fully reopened and market confidence is restored.
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