Saudi Arabia Seeks Access to Overseas Oil Storage for Aramco
Saudi Arabia is in talks with foreign governments to give state-owned Aramco access to their strategic oil storage, as the kingdom seeks to make its supplies to customers more resilient during disruptions, Chief Executive…
General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah
Oct 22, 2026 (Bloomberg) –Saudi Arabia is in talks with foreign governments to give state-owned Aramco access to their strategic oil storage, as the kingdom seeks to make its supplies to customers more resilient during disruptions, Chief Executive Officer Amin Nasser said.
The move follows a flurry of attacks by Yemen’s Houthis on key Saudi infrastructure, including drone strikes that shut down its most important pipeline for several days in September. On Wednesday, attacks on Aramco’s Shaybah oil field and Dammam airport each killed two people, according to Saudi authorities.
Brent crude climbed above $112 a barrel on Thursday as the violence heightened concerns about further disruptions to Saudi supplies.
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