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Saudi Aramco buys crude oil for customers from neighboring countries

2019-09-25T05:22:42.746Z

[Dubai / London 24th Reuters]-Saudi Aramco, Saudi Arabia's state-run oil company, is buying oil from neighboring countries to meet its supply to its customers following a domestic oil facility attack. Related sources



[Dubai / London 24th Reuters]-Saudi Aramco, Saudi Arabia's state-run oil company, is buying oil from neighboring countries to meet its supply to its customers following a domestic oil facility attack. Related sources revealed to Reuters.

Saudi Aramco's trading company Aramco Trading is buying crude oil from UAE and Kuwait for oil refiners such as Bahrain, Malaysia and Korea. Aramco Trading has not responded to requests for coverage.

Two Saudi Aramco oil facilities in eastern Saudi Arabia were thought to have been attacked by drones and missiles on the 14th, losing about 5.7 million barrels of oil per day.

Saudi authorities have forecasted that production will fully recover by next week, but sources say they will procure crude oil from other Gulf countries to fulfill customer contracts and fill temporary shortages. is doing.

Aramco Trading had been buying and selling foreign-produced crude oil in the market before the attack, but is said to be increasing purchases due to a decline in Saudi crude oil production.

A source said Aramco Trading will purchase 2 million to 3 million barrels of crude oil from UAE's Abu Dhabi National Oil Company (ADNOC) for a Bahrain refinery.

The company plans to supply UAE and Kuwait crude oil to S.O.

An ADNOC spokesman declined to comment. BP also declined to comment.

Another source said that due to stockpiles, Saudi Arabia does not need domestic crude oil imports.

Source: asahi

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