Saudi Aramco Says It Can Keep Oil Flowing If Hormuz Hit
- CEO of state-run producer says it can supply through Red Sea
- Attacks on oil tankers have heightened fears of disruption
An employee inspects pipeline pressure gauges at the North Pier terminal in Saudi Aramco's Ras Tanura oil refinery.
Photographer: Simon Dawson/Bloomberg
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Saudi Arabian Oil Co. has the experience and infrastructure it needs to keep crude flowing should supply through the Strait of Hormuz be disrupted, according to the chief executive officer of the state-run producer.
“We are increasing our readiness,” Amin Nasser said in an interview in Seoul on Tuesday. “We can supply through the Red Sea and we have the necessary pipelines and terminals.”