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Saudi Aramco Plans Global Storage Expansion to Mitigate Post-Iran War ... Saudi Aramco Plans Global Storage Expansion to Mitigate Post-Iran War Supply Disruptions Saudi Aramco Chairman Yasir Al-Rumayyan announced on Thursday that the oil giant is exploring a worldwide expansion of its storage capacity following severe energy supply disruptions in the Strait of Hormuz caused by the Iran war. By: AlphaPilot Insights Updated on Jun 18, 2026 KSA XOM SHEL BLK ✨ Summary In the wake of a three-month conflict between the U.S., Israel, and Iran, Saudi Aramco is pivoting toward a decentralized storage strategy to safeguard global supply chains. The war, which significantly restricted traffic through the vital Strait of Hormuz, exposed the fragility of relying on localized infrastructure during geopolitical crises. Despite a recent peace framework, oil prices remain elevated as nations scramble to replenish depleted emergency stockpiles. Aramco's move aims to position the company as a more resilient supplier by placing crude closer to end-markets in Asia and Europe. 📈 Tailwinds Increased global storage capacity could reduce the 'geopolitical premium' on oil prices during future Middle East t…

Saudi Aramco weighs global expansion of oil storage capacity after Iran war 11h ago Saudi Aramco weighs global expansion of oil storage capacity after Iran war Saudi Aramco is assessing an expansion of its oil storage capacity worldwide, a move the market is reading as a cautious response to the prospect of prolonged Iran-related geopolitical tensions. The report does not disclose the scale, timeline or any projects already under way, and it adds no information about new military action, sanctions or actual supply disruptions. The planning is framed as routine risk management rather than a direct, quantifiable trigger tied to near-term oil supply and demand. Source Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions . Geopolitics

Saudi Arabia considers expansion of oil pipeline to Red Sea, sources say Saudi Arabia is considering expanding the capacity of its crude oil pipeline to the western Red Sea coast, five sources close to the matter said, enabling the Kingdom and possibly neighbors to transport more oil without crossing the Strait of Hormuz.For all the latest headlines, follow our Google News channel online or via the app.The East-West pipeline was built in the early 1980s and has become crucial since the start of the Iran war in February and the resulting halt to shipping through the Strait of Hormuz.It can transport up to 7 million barrels per day (bpd) of crude to the Red Sea port of Yanbu. About 2 million bpd feed refineries on the west coast and roughly 5 million bpd are for export, the CEO of state-backed oil company Aramco said in May.The Kingdom is in preliminary talks with some of its neighbors about the potential expansion of the pipeline’s capacity by up to 2 million bpd, the sources said.With ReutersRead more: Saudi Aramco considers expanding storage capacity

Saudi Aramco considers expanding storage capacity worldwide after Iran war The chairman of Saudi Arabia’s oil and gas company Aramco, Yasir al-Rumayyan, said on Thursday that Saudi Arabia’s East-West pipeline has been essential in protecting the country’s economy during the Iran war.Al-Rumayyan, who is also the governor of Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), said during the FII PRIORITY Europe summit, hosted in Rome and organized by the Saudi non-profit Future Investment Initiative Institute, which is backed by PIF, that had it not been for previous planning in Saudi Arabia, the consequences could have been much worse.For all the latest headlines, follow our Google News channel online or via the app.He said the pipeline has given Saudi Arabia and the world a new lifeline.“In Saudi Arabia, we think in years and decades, rather than just quarters,” al-Rumayyan said.Moreover, he stated that Aramco was considering expanding its storage capacity around the world after energy supplies through the Strait of Hormuz were disrupted

Saudi Aramco Considers Expanding Storage Capacity Worldwide After Iran ... “Aramco has storage facilities around ​the world especially in Asia, in Korea ​and Japan, and we are thinking seriously of ⁠having larger storage facilities all over the world,” said ​Rumayyan, who is also the governor of the Saudi ​sovereign wealth fund PIF. Rumayyan was speaking at the FII PRIORITY Europe summit, hosted in Rome and organised by the Saudi ​non-profit institute Future Investment Initiative, which is backed by ​PIF. FII organises Riyadh’s yearly flagship summit, known to some as “Davos in ‌the ⁠Desert”, which brings together world leaders, bankers and business bosses. Rumayyan said PIF had invested €98 billion ($112.86 billion) across Europe and Britain between 2017 and 2025, while Aramco ​deployed around €80 billion ​with European ⁠suppliers. He added however that regulations within the European market were the main challenge ​to investments. “Regulatory challenges are really hurting investors, ​such ⁠as Aramco, SABIC, PIF, not to only invest more, but to keep their investments in Europe,” Rumayyan said. “European regulators ⁠and ​policymakers are looking into it. ​Hopefully we have b…

Aramco plans to expand oil storage capacity: Al Rumayyan Search Result Sign In Forgot password? Yasir Al Rumayyan, Governor of PIF, says Saudi Arabia focuses on long-term planning spanning years and decades, rather than short-term horizons Saudi Aramcois considering owning global storage facilities larger than its current facilities, saidYasir Al Rumayyan, Governor of the Public Investment Fund (PIF) and Chairman of Aramco. Speaking during a session at the FII PRIORITY Europe 2026, hosted by the Future Investment Initiative Institute, Al Rumayyan said that Aramco already owns extensive storage facilities worldwide, particularly in Asia, including Japan and South Korea. He added that without such long-term thinking, the global situation would have been significantly worse than it is today. Al Rumayyan also noted that the impact of conflicts in the Middle East and the closure of the Strait of Hormuz has extended beyond the energy sector to include petrochemicals, fertilizers, and advanced industries. He emphasized that Saudi Arabia — through its government and companies such as Saudi Aramco and the Public Investment Fund — focuses on long-term planning spanning years and dec…

Aramco Reinvents Itself Amid Global Energy Flux - Arabian Post Saudi Arabian Oil Company, widely known as Aramco, is dramatically expanding beyond its oil and petrochemical roots into a diversified, technology-centric energy powerhouse. Under Chief Executive Amin Nasser, the enterprise is balancing its historic role as a revenue pillar for the Kingdom with aggressive investments in artificial intelligence, renewables, blue hydrogen, carbon capture and e‑fuels. Aramco’s strategic pivot is anchored in its financial strength. The company reported a net income of US $106.25 billion in 2024 and maintains operating income near US $206 billion. That robust cash flow underwrites its major push into lower-carbon sectors and fuels Saudi Arabia’s Vision 2030 economic blueprint. A cornerstone of this transition is carbon management. Aramco oversees one of the world’s largest point-source programmes, capturing up to 9 million tonnes of CO₂ annually via its Jubail CCUS hub—a joint venture with SLB and Linde, slated for completion by 2027–28. The firm has also launched a direct air capture pilot in partnership with Siemens Energy, extracting 12 tonnes of CO₂ per year to test novel materials. Alo…

Saudi Aramco considers expanding storage capacity worldwide after ... RELATED TOPICS ENERGY SAUDI ARABIA INVESTMENT OIL AND GAS PHOTO ROME - Saudi Arabian oil giant ​Aramco is considering ⁠expanding its storage capacity around the world after ‌energy supplies through the Strait of Hormuz were disrupted by the ​Iran war, Aramco Chairman Yasir Al-Rumayyan said on Thursday. "Aramco has storage ​facilities around ​the world especially in Asia, in Korea and Japan, and we are thinking seriously of having ⁠larger storage facilities all over the world," said Rumayyan, who is also the governor of the Saudi sovereign wealth fund PIF. Rumayyan was speaking at the FII ​PRIORITY ‌Europe summit, hosted in ⁠Rome and ⁠organised by the Saudi non-profit institute Future Investment Initiative, which is ​backed by PIF. FII organises Riyadh's ‌yearly flagship summit, known to ⁠some as "Davos in the Desert", which brings together world leaders, bankers and business bosses. Rumayyan said PIF had invested €98 billion ($112.86 billion) across Europe and Britain between 2017 and 2025, while Aramco deployed around €80 billion with European suppliers. He added however that regulations within the European mar…