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World deprived of 1 billion barrels of oil over past 2 months, Saudi Aramco CEO says
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Amin Nasser, the chairman and CEO of the state-run oil giant Saudi Aramco, speaks at the World Energy Congress in Abu Dhabi, United Arab Emirates, September 10, 2019. (Jon Gambrell/AP)
The world has been deprived of about 1 billion barrels of oil over the past two months as Iran has blocked the Strait of Hormuz amid its war with the US and Israel, and even if energy flows resume it will take time for the system to return to normal, the chief executive of Saudi oil giant Aramco says.
“Our objective is simple: keep energy flowing, even when the system is under strain,” Amin Nasser tells Reuters in a statement.
The strait is a key pathway for the global oil supply.
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