The heads of two of the Middle East’s biggest oil producers warned that the rest of the world will have to share the bur | Hanami
The heads of two of the Middle East’s biggest oil producers warned that the rest of the world will have to share the burden of paying for the Iran war and the need for infrastructure spending that it has created.
The conflict has led to widespread damage to oil pipelines, refineries, gas plants and dozens of tankers, racking up a bill for new investment that is already in the tens of billions of dollars.
Amin Nasser, chief executive officer of Saudi Aramco, and Sheikh Nawaf Al-Sabah, his counterpart at Kuwait Petroleum Corp., told the Energy Intelligence Forum on Monday they were looking to expand export-route and overseas-storage capabilities. The KPC boss said that if European nations want Kuwaiti-made fuels like diesel and jet fuel, they will have to invest in the infrastructure to store the products.
#oott https://www.bloomberg.com/news/articles/2026-10-06/mideast-oil-chiefs-warn-world-needs-to-share-iran-war-costs