Thursday, September 26, 2019

The Reason Saudi Is Switching From Sweet Oil To Sour Oil To Meet Export Contracts -- September 26, 2019

Posts regarding the September 14, 2019, attack on Saudi at this tag.

Posts and updates are tracked at this post.

There has been at least one post on Saudi switching from sweet oil to sour oil to meet its export contracts, and folks on twitter noted that fairly early on. Japan was one of the first countries to be affected according to tweets.

Today from a reader, a comment posted elsewhere:
The Abqaiq refinery...
https://en.wikipedia.org/wiki/Abqaiq

The 250-hectare complex can process 7 million barrels of oil a day.

The chief purpose of Abqaiq is to remove hydrogen sulfide from crude oil and reduce the vapor pressure, making the crude safe to be shipped in tankers. Abqaiq is the world's largest facility for this stabilization.

Hence, damage to that fits in with their switch from sweet to sour crude exports.

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