Aramco CEO: Disruptions Can be Fixed Within Days
Saudi Aramco's President and CEO Amin Nasser said that his company can restore disrupted operations within days. This was stated by Nasser during an interview with Nikkei Asia in Tokyo on Thursday.
Aramco is studying 'a fourth and a fifth route' for crude oil exports, in addition to its three primary routes. The company is also considering expanding overseas storage capacity, including in Japan, to strengthen its ability to withstand disruptions.
Nasser emphasized that Aramco's operations are built with abundant flexibilities in place to continue serving its customers even during disruptions. He pointed out that observers often assumed the company had only two major export pathways through the Strait of Hormuz or the Bab el-Mandeb Strait, but it also has access to the 320km Sumed pipeline.
The chief executive said that Aramco was keen to add more optionality in its oil supplies. The company is discussing with relevant ministries and partners in Japan on expanding its storage capacity in the country, as well as doing the engineering and feasibility work for additional export routes.