Saudi Aramco will supply full contractual crude volumes to at least three European refiners in September, offering deliveries from Egypt, Saudi Arabia, and through ship-to-ship transfers off Malta. Two European refiners will take their barrels from Egypt’s Mediterranean port of Sidi Kerir, while a third can choose between Sidi Kerir, Saudi Arabia’s Red Sea port of Yanbu, or a ship-to-ship transfer off Malta.
This news adds some supply certainty for European refiners at a time when Saudi Arabia’s two principal maritime export routes remain under pressure.
