Aramco seeks new overseas storage capacity, alternative routes as uncertainty, attacks worsen energy crisis: Nasser

Amin Nasser, President and CEO of Saudi Aramco, said the company is seeking alternative export routes to strengthen its global supply network.

Geopolitical uncertainty and attacks on key energy facilities continued to intensify the global energy supply crisis in Q3 2026, posing serious risks to global energy security, said Amin Nasser, President and CEO of Saudi Aramco.

In a company statement, Nasser said that Aramco continues to seek additional overseas storage capacity and alternative export routes to strengthen its global supply network.

He noted that the company's strong operational and financial performance amid this volatile period demonstrates its resilience.

The CEO said Aramco remains focused on disciplined execution of priority projects and deploying advanced technologies to enhance performance and unlock new opportunities, backed by its strong financial position.

Through this approach, Aramco will continue to meet the world's growing energy needs while creating value for its shareholders and customers.

Despite the challenges, the high morale and unwavering dedication of the company's workforce, combined with its operational excellence, resilient business system, and robust supply chain network built over decades, enabled Aramco to maintain reliable supplies to customers during this exceptional period, Nasser stated.

According to data available with Argaam, Aramco reported net profit of SAR 379.02 billion in 9M 2026, up from SAR 278.57 billion a year earlier. Q3 2026 net profit grew 41% to SAR 137.39 billion.