Al-Nasser: Oil Reserve Recovery May Take Two Years
The CEO of Saudi Aramco, Amin Nasser, warned that replenishing crude oil inventories could take around two years due to global challenges and the current energy market conditions. He pointed to the company's study of additional plans to export oil and expand external storage facilities to enhance supply flexibility and mitigate market fluctuations. He also confirmed that Aramco aims to increase gas sales by 80% by 2030 to meet rising demand and support the energy sector's transformation.
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