21:35 - 29.07.2026
July 29, Fineko/abc.az. Saudi Aramco is considering introducing a separate pricing mechanism for crude oil shipped from Egypt’s Sidi Kerir port destined for Asian markets, according to a report by Bloomberg. The state-owned energy giant is evaluating new operational frameworks with buyers to adapt to shifting export routes and rising freight costs.
The strategic shift follows persistent Houthi attacks in the Red Sea, which have prompted several shipowners to avoid calling at Saudi Arabia’s western port of Yanbu. As Asian refiners demand discounts to offset higher transit expenses, Aramco is exploring various logistics options — ranging from revised price formulas and direct deliveries to Asian ports to ship-to-ship crude transfers.
