Aramco: Over 100M Barrels Lost Weekly Due to Hormuz
Amin Nasser, the CEO of Saudi Aramco, stated that the closure of the Strait of Hormuz due to recent attacks on oil facilities is causing weekly losses exceeding 100 million barrels of oil, with the world losing more than 2.6 billion barrels of oil due to the current crisis. He confirmed that the company has the capability to restart facilities much more quickly than others and is exploring options such as expanding the east-west pipeline to enhance export capacity, while continuing to utilize all available export routes.
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