Saudi Aramco is buying oil originating in neighboring countries to meet its supp...
DUBAI/LONDON - Saudi Aramco is buying oil originating in neighboring countries to meet its supply obligations to foreign refineries, sources familiar with the matter told Reuters, after crippling attacks on the company’s installations 10 days ago.
Though the kingdom said it would restore full oil output by next week, it is seeking help from fellow Gulf Arab producers to keep its customers supplied and plug any gaps due to the temporary shortage, the sources said. “ADNOC will send 2-3 million of Murban into Bahrain,” a source said, citing one of the UAE’s main grades of light crude.
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