" /> " /> " />

Saudi Aramco expected to boost imports during refinery maintenance

22 March 2012

The world's largest oil exporter, Saudi Arabia's state oil firm Aramco, is expected to import higher-than-usual volumes of gasoline and gasoil to plug a supply shortage caused by refinery maintenance and firming demand ahead of summer season, Reuters has reported, citing traders. The refiner has been aggressively seeking gasoil and gasoline in the spot market after having already bought 20% more gasoil for March. Its gasoil imports for April are expected to be even higher than March, traders added. As for gasoline, traders are expecting the volumes to be between six and nine cargoes for April alone. "That's quite a huge amount for gasoline for a month," said a trader.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications