Saudi Arabia is offering more loadings of crude oil to Asian refiners via ship-to-ship transfer off Oman’s Sohar port after drone attacks damaged its key oil pipeline to the Red Sea, people familiar with the matter said, Reuters reports.
State oil company Saudi Aramco has offered its flagship Arab Light grade, as well as Arab Medium and Arab Heavy, to term buyers in Asia for loading off Sohar, the sources said, which is outside the Strait of Hormuz.
The offers indicate that Aramco is moving more crude out of the Gulf for onward transfer outside the waterway. In recent weeks, Aramco has made at least two similar offers of Arab Medium and Arab Heavy to Asian buyers.
