TotalEnergies CEO Says Saudi Refinery Won’t Fully Recover Until Early 2027

The SATORP refinery in Saudi Arabia, a joint venture between TotalEnergies and Saudi Aramco, is operating at only 70% capacity after drone strikes in April. According to TotalEnergies CEO Patrick Pouyanné, the facility won’t return to full operations until early 2027, raising concerns about ongoing fuel market volatility despite a U.S.-Iran peace agreement.

By Michael Kern Wed, June 17, 2026 at 6:30 PM GMT+3 2 min read · Yahoo Finance · June 17, 2026, 15:30 UTC

Tickers: $TTE

Topics: fuel markets geopolitical conflict refinery damage TotalEnergies CEO statement

Read the full article at Yahoo Finance

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