Aramco CEO: We can fix any disruption within days
RIYADH — Saudi Aramco CEO Amin Nasser affirmed that the company possesses the operational flexibility and logistical capabilities required to continue supplying its customers and managing severe disruptions. He said operations affected by disruptions can be restored within days, while the company is exploring the establishment of additional oil export routes and expanding its storage capacity…
Saudi Aramco's CEO, Amin Nasser, expressed confidence in the company's ability to swiftly restore operations and supply customers following any disruptions. Speaking to Nikkei Asia, Nasser highlighted the company's operational flexibility and logistical capabilities that enable it to maintain oil and petroleum product deliveries to global markets, even amidst geopolitical turmoil.
The Saudi oil giant's capacity to manage disruptions is crucial due to its substantial production scale and significant role in international oil supplies. In September 2021, Aramco temporarily suspended oil flows through the East-West pipeline following a targeted attack in Riyadh and Madinah. However, the pipeline resumed operations shortly after.
Nasser emphasized that Aramco has the necessary infrastructure and operational capabilities to resume operations within days after any disruptions. He cited the company's swift recovery after the 2019 drone attack on oil processing facilities, which was restored to full capacity within 11 days.
Temporary disruptions to Aramco's operations typically last "days, not weeks or months," Nasser stated. The East-West pipeline system comprises multiple lines, making it challenging to shut down the entire system simultaneously and providing the company with the flexibility to redirect supplies.
Aramco has explored additional oil export routes, such as the Sumed pipeline, which transports crude from the Red Sea to the Mediterranean via Egypt, alongside other options. The company remains committed to its existing crude oil purchase agreements, including those with Japan, South Korea, China, and other markets. However, Nasser noted that any additional volumes produced outside these agreements will not be reintroduced to the market until the situation improves.
Written by urgent.news from Saudi Gazette's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
