In January 2024, Saudi Aramco plans to provide the entire agreed-upon amount of crude oil to several North Asian refineries, according to sources cited by Reuters. Three North Asian buyers have reportedly received notifications from Saudi Aramco about the company’s commitment to supplying the full contractual volumes of crude oil during that month.
This decision indicates Saudi Aramco’s intention to fulfill its contractual obligations by delivering the specified quantities of crude oil to these North Asian refineries, ensuring a consistent and complete supply. The move is likely a strategic measure to maintain stable relationships with key buyers in the region and meet the demand for crude oil in the specified timeframe.
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