According to CoinMeta, Saudi Arabia is in consultations with foreign governments with the aim of allowing its state-owned company, Saudi Aramco, to utilize these countries’ strategic oil reserves in order to enhance resilience in oil supply during disruptions. Saudi Aramco’s CEO Amin Nasser stated that the Ministry of Energy is working with counterparts from other countries to enable Saudi Aramco to use these strategic oil storage facilities. The company already has commercial oil reserves in South Korea, Japan, the Netherlands, and at the Mediterranean export hub of Sidi Kerir in Egypt. Nasser mentioned that Saudi Aramco hopes to double its overseas capacity, but did not disclose a specific expansion timeline or current capacity situation.