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Aramco Looks to Expand Oil Exports
The CEO of Saudi Aramco, Amin Nasser, stated that the company is exploring additional pathways for crude oil exports and working on expanding its storage capacity abroad. He emphasized that safeguarding energy facilities and supply routes requires international cooperation due to the escalation of attacks on infrastructure in the region, which impacts global oil markets and economies. He added that Saudi Arabia's energy system has proven its reliability during the crisis thanks to strategic investments and diversification of export routes, with a focus on increasing natural gas production by 80% by 2030 to support economic diversification under Saudi Vision 2030, along with efforts to enhance global energy security and reduce dependence on specific sources.
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