Saudi oil exports soar 80% to highest level since Iran-US war
RIYADH — Saudi crude oil exports soared in September to their highest level since the outbreak of the Iran-US war nearly seven months ago, rising by 80% from August, according to data from Kpler, a company specializing in trade and energy flow information, Al Arabiya.net reported.According to the data, Saudi Arabia exported approximately 6 million barrels per day in September, bringing its crude…
Saudi Arabia's oil exports saw a substantial surge in September, reaching an 80% increase from the previous month, according to Kpler data. The kingdom's crude oil shipments reached approximately 6 million barrels per day, bringing them close to the pre-pandemic monthly average. Despite the temporary closure of the East-West oil pipeline, Saudi Arabia redirected a portion of its oil exports through the Strait of Hormuz, a route opened by the US military along the Omani coast.
Kpler's data revealed that the average oil exports through the Hormuz Strait during the past week amounted to roughly 13.2 million barrels per day, a significant decrease from the 17 million barrels per day recorded prior to the Iran-US war. Saudi Aramco CEO Amin Nasser affirmed that the company possesses the operational flexibility and logistical capabilities to fulfill its commitments to customers, even amid geopolitical tensions.
Nasser highlighted the company's multi-phase East-West pipeline system, which offers significant flexibility in transporting crude oil and petroleum products. He also mentioned that Aramco is actively exploring options to expand its overseas storage capacity, further bolstering its capacity to meet global demand and maintain reliable supplies in various circumstances.
Written by urgent.news from Saudi Gazette's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
