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Saudi Aramco expands oil storage capacity after global turmoil: Here's why

21 0
19.06.2026

On Thursday, the world-renowned oil giant Aramco explored expanding its global oil storage capacity after energy supplies through the Strait of Hormuz were disrupted by the war with Iran.

This major announcement came when Al-Rumayyan was speaking at the FII Priority Europe summit in Rome, an event arranged by a Saudi non-profit institute, Future Investment Initiative.

Governor of the Saudi sovereign wealth fund PIF, Rumayyan, Aramco said........

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