What prompted Saudi Aramco to consider expanding its global storage capacity, and where does it already have facilities?

Saudi Aramco is considering expanding its global storage capacity due to disruptions in energy supplies through the Strait of Hormuz caused by the Iran war. According to Aramco Chairman Yasir Al-Rumayyan, the company already has storage facilities around the world—especially in Asia, including in Korea and Japan.

What did Yasir Al-Rumayyan identify as the main challenge hindering Aramco’s and other Saudi entities’ investments in Europe?

Yasir Al-Rumayyan identified regulatory challenges within the European market as the main obstacle—not only to increasing investments but also to maintaining existing ones—citing Aramco, SABIC, and the Public Investment Fund (PIF) as affected entities; he noted that European regulators and policymakers are reviewing the issue and expressed hope for improved solutions.

Saudi Aramco Considers Expanding Global Storage Capacity Amidst Iran War Disruptions

Jun 18, 2026

Saudi Aramco plans to expand global storage facilities following energy supply disruptions in the Strait of Hormuz due to the Iran war. Chairman Yasir Al-Rumayyan noted regulatory challenges in Europe hinder further investment despite significant capital deployment.

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