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Aramco Says Exporting Crude Oil Normally in Sandstorm

Source: Bloomberg 3/4/2012, Location: Middle East

Saudi Arabian Oil Co. is shipping crude normally today from terminals in the Persian Gulf, the world’s largest oil exporter said, even as sandstorms stop other kinds of cargo from leaving the nation’s main eastern port.

“There was no interruption to company export operations” since the bad weather struck on March 1, the state producer, known as Saudi Aramco, said in an e-mailed statement. Aramco operates six ports and terminals independently of the government, with two of them -- Ju’aymah and Ras Tanura -- on the kingdom’s Gulf coast, according to the company’s website.

Operations at King Abdul Aziz Port in Dammam were suspended yesterday, the commercial port’s General Director Naim al-Naim said, according to the newspaper al-Eqtisadiah.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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