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Saudi Arabia pushes to expand East-West crude oil pipeline to bypass Strait of Hormuz

Moby +1 ·

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  1. 1Riyadh aims to reach its target expansion capacity of 10 million barrels of crude oil per day within 2 to 3 years.
  2. 2The pipeline operated by Saudi Aramco has a maximum capacity of 7 million barrels per day.
  3. 3CEO Amin Nasser said at last month's London Energy Intelligence Forum that the buffer against supply shocks has become terrifyingly thin.

So what's the key point?

Saudi Arabia is expanding its pipelines to move more oil. It is preparing to handle up to 10 million barrels per day to be ready for potential supply issues.

Source Moby +1 · View original ↗

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