Aramco Secretly Supplies Crude Oil to Asian Refiners via Fujairah

Saudi Aramco has been secretly negotiating with Asian refiners to supply crude oil from Fujairah, UAE, bypassing the Strait of Hormuz. This move is similar to Abu Dhabi National Oil Co.'s (ADNOC) strategy.

The sources claim that Aramco will load Arab Medium and Arab Heavy crude via Ship-to-Ship transfers in September. However, it's unclear how Aramco transports its cargoes to Fujairah.

This development comes as a response to the disruptions caused by the Iran War and Houthi attacks on vessels. Aramco has seen its market share in India decline due to these issues.