Saudis Tell European Refiners They’ll Get No Crude Next Month
Saudi Aramco told at least two oil refining customers in Europe that they will be allocated no crude oil next month after the kingdom’s key pipeline to the Red Sea was attacked, people informed of the decision said.
Saudi Aramco has suspended deliveries of crude oil to European customers following an attack on its key East-West pipeline, according to Bloomberg. The European refineries, which usually receive shipments through Egypt's Mediterranean port, will not receive any Saudi crude next month. The pipeline was shut down last week after drones targeted the facility, with damage to at least three pumping stations.
Saudi Arabia expects partial operations to resume within days and full capacity to return within six weeks. Some Aramco customers, like Poland's Orlen SA, are seeking alternative supply sources. The disruption has prompted European countries to import 577,000 barrels per day of Saudi crude in June, according to the International Energy Agency.
The pipeline has helped Saudi Arabia reduce its dependence on the Strait of Hormuz, a maritime chokepoint crucial for global energy supplies.
Written by urgent.news from Jerusalem Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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