Saudi Aramco develops emergency plans to ensure reliable supply: CEO
Amin Nasser said that the plans would help ensure ongoing operations despite border and transit route shut downs.
Saudi Aramco has developed emergency plans to maintain supply despite the closure of international borders and transportation routes, CEO Amin Nasser said, according to the Saudi Press Agency.
"The cornerstone of our company is the energy production, reliable supply and our commitment to our customers, especially in such difficult times, therefore we have developed emergency and prevention plans in all areas of our business to ensure the ongoing of our business, so that we can meet the needs of our customers around the world from energy products," he said.
Nasser noted that Saudi Aramco is "closely monitoring the situation every day," and has been "carrying out continuous preventive plans in all our business areas, in addition to detailed emergency plans and leading medical support services, in order to reduce risks, ensure the best possible care and curb COVID-19 infection."
Aramco plans to supply 12.3 million barrels per day of crude in the next two months, after talks with Russia to deepend OPEC+ output cuts floundered, starting a price war. The company will draw 3 million barrels per day from its stocks, producing 12 million barrels per day.