Aramco CEO: Oil inventory rebuilds may take two years
The CEO of Saudi Aramco, Amin Nasser, warned that replenishing oil inventories could take nearly two years due to current challenges in the energy market and pressures on global supplies. The company is also exploring additional export routes for oil and expanding external storage facilities to enhance supply resilience and address market fluctuations. Additionally, an expected 80% increase in gas production by 2030 aims to meet rising demand and support the transition in the global energy sector.
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