Business · Energy & Commodities · 14 hrs ago
Aramco says rebuilding oil stocks could take about two years
Saudi Aramco CEO Amin Nasser said it could take about two years to rebuild oil stocks.
He spoke at the World Petroleum Congress in Riyadh as crude supplies face pressure and energy markets face challenges.
Aramco is considering additional routes for exporting crude oil and expanding storage facilities outside Saudi Arabia.
These steps are intended to make supplies more flexible and help the company handle possible disruptions.
Nasser also said sharply rising prices for refined fuels are adding to market difficulties.
He called for international cooperation to protect energy infrastructure and transport routes.
Aramco plans to increase gas sales and raise its production capacity by about 80% by 2030, compared with 2021 levels.
Saudi Aramco CEO Amin Nasser said rebuilding oil stocks could take about two years.
Aramco is exploring additional crude oil export routes and plans to expand external storage facilities.
Nasser made the comments at the World Petroleum Congress in Riyadh.
He said sharply higher refined fuel prices are adding to challenges in energy markets.
Aramco aims to increase gas sales and raise production capacity by about 80% by 2030, compared with 2021 levels.
- Who
- Amin Nasser, CEO of Saudi Aramco.
- What
- He said rebuilding oil stocks could take about two years. Aramco is also exploring additional export routes and expanding external storage.
- When
- October 12, 2026, the article’s publication date.
- Where
- At the World Petroleum Congress in Riyadh.
- Why
- Crude oil supplies face pressure and global energy markets face challenges.
This story does not have two clearly opposing sides.
Nasser made the remarks at the World Petroleum Congress in Riyadh, according to the article published that day.
Aramco aims to raise production capacity by about 80% compared with 2021 levels.
- Oil stock rebuilding
- About two years
- Export routes
- Aramco is exploring additional crude oil export pathways
- External storage
- Aramco plans to expand facilities
- Production capacity target
- About 80% higher by 2030 than in 2021
- Event location
- World Petroleum Congress, Riyadh
Sources
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