Saudi Aramco

The deal underscores how the Iran war is reshaping energy partnerships across Asia

[RIYADH] Saudi Aramco is considering plans to raise billions of US dollars from its real estate assets, including a sprawling campus that houses its headquarters in the kingdom’s Eastern Province.

Its state oil giant Aramco will ship about 10 million barrels to Chinese customers for the month

A key pipeline that connects its oil fields in the east to Yanbu port ‘has proven itself to be a critical supply artery’

Global benchmark Brent has increased by more than 50% since the conflict started at the end of February

The cut follows the vital strait’s closure and upending of energy flows due to the Iran war

The kingdom did not specify who launched the attacks

Saudi Aramco has asked its clients to submit nominations for cargoes loading from the ports of Yanbu and Ras Tanura in May

The conflict is forcing a shift in oil flows as the vital Strait of Hormuz remains largely shut