Saudi Aramco plans to double its oil-storage capacity outside the Kingdom, placing particular emphasis on expanding its footprint across Asian markets. The move signals a push to keep crude supplies closer to major buyers and strengthen the reliability of deliveries.
The company currently maintains commercial storage facilities in several locations, including South Korea, Japan, the Netherlands, and Sidi Kerir in Egypt. These sites help position Saudi crude near key demand centers and shipping routes.
In a related step, the Ministry of Energy is in discussions to secure access for Aramco to government-owned strategic oil reserves in other countries. Such arrangements could expand the volumes Saudi crude can draw on in international markets.
Why it matters
For residents and businesses across the Kingdom, the energy sector remains a cornerstone of the economy. Stronger overseas storage can support steadier export flows and reinforce the Kingdom's role as a dependable supplier to Asia and beyond, which in turn underpins national revenues and long-term planning.
Aramco has not disclosed its current overseas storage capacity, the additional capacity it plans to build, the countries involved, the investment amount, any fees, or a completion date. No official application process, channel, fee, validity period, or final investment decision tied to the expansion has been announced.
Stay updated with the latest news, events, sports updates, business insights, real estate and lifestyle stories on Saudi Living — the leading online platform for residents, expats, and visitors in Saudi Arabia.
Follow Saudi Living for daily updates:
- Instagram - @saudiliving
- X - @saudiliving
- Facebook - @saudiliving
- YouTube - @saudiliving
Don't Miss Similar Listings
Be the first to know when new stories on this topic are published.
