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مباشر
Saudi Arabia markets 4 million barrels to China outside Strait
Reports indicate that Saudi Aramco has sold around 4 million barrels of its medium and heavy Arab crude to the Chinese company PetroChina. The shipments are scheduled to be shipped in September from locations outside the Strait of Hormuz. This deal is part of an ongoing effort to export heavy oil through alternative routes to the Strait of Hormuz, due to regional disruptions. It also reflects the increasing readiness of Chinese refineries to purchase oil from safer regions, away from risks. Expectations suggest that if these trends continue, traditional oil trading routes between the Middle East and China may reopen. However, overall oil flows may not return to pre-war levels, although Chinese imports are projected to rise to 1.2 million barrels per day in the last quarter of the year.
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