Saudi Aramco concerned over Gulf attacks, but can meet demand: CEO
State oil giant Saudi Aramco is concerned at recent actions in the Gulf but can meet its customers' needs thanks to its experience and the availability of additional spare capacity, its chief executive said on Tuesday.
"What's happening in the Gulf is definitely a concern," Amin Nasser, president and CEO of Saudi Aramco, told Reuters in an interview.
"At the same time we went through a number of crises in the past ... we've always met our customer commitments and we do have flexibility and the system availability in terms of available additional spare capacity," he added.
Nasser, who is in Seoul ahead of a visit by Saudi Crown Prince Mohammed bin Salman, said Aramco has no plan to increase its current maximum output capacity of 12 million barrels per day (bpd), given sizeable spare capacity.