Aramco CEO says firm exploring new export routes, ready to ramp up production
USO•Saudi Aramco is exploring additional export routes and overseas capacity, including a possible expansion of its East-West pipeline. CEO Amin Nasser said the company is ready to rapidly ramp up production when needed.
1. Export routes and capacity
Aramco is exploring additional export routes and overseas capacity, including a potential expansion of its East-West pipeline, CEO Amin Nasser said in a statement. He added that the company remains ready to rapidly ramp up production when the situation calls for it.
2. Output and exports
The US-Israeli war on Iran has cut Aramco's output, while higher oil prices have offset the reduced volumes. Aramco exports crude from eastern terminals in the Gulf and western terminals in the Red Sea via the East-West pipeline.
