The largest oil refining complex in the world buys two million additional barrels of Saudi Arabia

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Reuters quoted commercial sources as saying: via a large crude tanker to download in April

Reuters quoted commercial sources on Thursday as saying that Reliance Industries, the operator of the largest refining complex in the world, had bought two million barrels of additional Saudi oil in a large crude tanker for loading in April.

Reuters said: It was not immediately clear what crude will replace Saudi oil with Reliance, while the refining company, one of the largest buyers of Venezuelan oil, is preparing to reduce purchases from the Latin American country under the pressure of American sanctions.

It is noteworthy that Saudi Aramco announced yesterday that it had received a directive from the Ministry of Energy to raise the level of maximum sustainable production capacity from 12 to 13 million barrels per day.

In a statement on Tadawul, she indicated that the level of maximum sustainable production capacity is determined by the state in accordance with the hydrocarbon regulations issued by Royal Decree No. (M / 37) dated 2/4/1439 AH.

The company announced, yesterday, that it will supply its customers with 12.3 million barrels per day in April, an increase of 300 thousand barrels per day over the maximum sustainable capacity of 12 million barrels per day, explaining that it has been agreed with its customers to provide them with these quantities from the first month April, the company expects a positive financial impact in the long run.

Reliance Industries of India
The largest refining complex
The oil
Saudi oil
Aramco Saudi Arabia

The largest oil refining complex in the world buys two million additional barrels from Saudi Arabia

Already

Reuters quoted commercial sources on Thursday as saying that Reliance Industries, the operator of the largest refining complex in the world, had bought two million barrels of additional Saudi oil in a large crude tanker for loading in April.

Reuters said: It was not immediately clear what crude will replace Saudi oil with Reliance, while the refining company, one of the largest buyers of Venezuelan oil, is preparing to reduce purchases from the Latin American country under the pressure of American sanctions.

It is noteworthy that Saudi Aramco announced yesterday that it had received a directive from the Ministry of Energy to raise the level of maximum sustainable production capacity from 12 to 13 million barrels per day.

In a statement on Tadawul, she indicated that the level of maximum sustainable production capacity is determined by the state in accordance with the hydrocarbon regulations issued by Royal Decree No. (M / 37) dated 2/4/1439 AH.

The company announced, yesterday, that it will supply its customers with 12.3 million barrels per day in April, an increase of 300 thousand barrels per day over the maximum sustainable capacity of 12 million barrels per day, explaining that it has been agreed with its customers to provide them with these quantities from the first month April, the company expects a positive financial impact in the long run.

March 12, 2020 – Rajab 17, 1441

10:36 AM


Reuters quoted commercial sources as saying: via a large crude tanker to download in April

Reuters quoted commercial sources on Thursday as saying that Reliance Industries, the operator of the largest refining complex in the world, had bought two million barrels of additional Saudi oil in a large crude tanker for loading in April.

Reuters said: It was not immediately clear what crude will replace Saudi oil with Reliance, while the refining company, one of the largest buyers of Venezuelan oil, is preparing to reduce purchases from the Latin American country under the pressure of American sanctions.

It is noteworthy that Saudi Aramco announced yesterday that it had received a directive from the Ministry of Energy to raise the level of maximum sustainable production capacity from 12 to 13 million barrels per day.

In a statement on Tadawul, she indicated that the level of maximum sustainable production capacity is determined by the state in accordance with the hydrocarbon regulations issued by Royal Decree No. (M / 37) dated 2/4/1439 AH.

The company announced, yesterday, that it will supply its customers with 12.3 million barrels per day in April, an increase of 300 thousand barrels per day over the maximum sustainable capacity of 12 million barrels per day, explaining that it has been agreed with its customers to provide them with these quantities from the first month April, the company expects a positive financial impact in the long run.





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