Aramco halts October crude deliveries to some European refiners after pipeline attack: report
“Oil company Saudi Aramco has least two European refining customers they will receive no crude oil next month following an attack on Saudi Arabia's key pipeline to the Red Sea, Bloombergreportedon Fr…”
European refiners typically buy Saudi crude under term contracts that guarantee monthly supplies, but Aramco has informed customers that next month's deliveries will not proceed, the report said.
Saudi Arabia earlier informed European customers that some crude cargoes would be cancelled after drone attacks forced the shutdown of its East-West pipeline, damaging three pumping stations and disrupting oil loadings at the Red Sea port of Yanbu. Read:Oil prices fall for third day on hopes of limited Saudi supply disruptions.
The disruption has prompted customers, including Poland's Orlen, to seek alternative crude supplies, with traders saying the refiner bought North Sea grades to replace disrupted Saudi imports. Reuterscould not verify the report. Saudi Aramco did not immediately respond to a request for comment outside regular business hours.
"Stay connected with Aman-e-Pakistan for ongoing live reporting and verified investigative updates."
Aramco is working to partially restart the pipeline within days and return it to full capacity within six weeks, Bloombergreported, citing a person familiar with the matter. Separately, Saudi Aramco has boosted crude exports from the Gulf through ship-to-ship transfers off Oman's Sohar port to help offset volumes lost from reduced Red Sea shipments.
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