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Saudi pipeline pumping 7 million bpd of oil, bypassing Hormuz, Bloomberg News reports
Saudi Arabia’s pipeline delivers 7 million barrels daily, including 2 million for domestic use, maintaining supply despite near-closure of the Strait of Hormuz, officials said.
- Saudi Arabia's East-West pipeline is operating at full capacity, pumping 7 million barrels of oil per day to bypass the Strait of Hormuz.
- Oil exports through the Red Sea port of Yanbu have reached 5 million barrels per day, with an additional 700,000 to 900,000 barrels of oil products also exported daily.
- About 2 million barrels of the oil pumped through the East-West pipeline are allocated for Saudi refineries.
- The bypass of the Strait of Hormuz via the pipeline and the use of the Yanbu route have helped prevent oil prices from reaching the high levels seen in previous supply crises.
18 Articles
18 Articles
For the first time in history.
Built in 1981, the oil pipeline to the port of Yanbu reached its maximum capacity after the closure of the Strait of Hormuz. Saudi Arabia has brought its strategic East-West Oil Pipeline to full capacity for the first time in history. This will partially mitigate the impact of the energy crisis caused by the operation against Iran, according to RBC-Ukraine, citing Bloomberg and Al Arabiya. Read also: Closed, but not for everyone. Which countries…
Saudi Arabia now seems to be fully exploiting its most important alternative route, thus cushioning the consequences of Iran's blockade in the Strait of Hormus.
Saudi Arabia's key oil pipeline connecting the east and west of the country, which avoids the Strait of Ormuz, pumps oil at its maximum capacity of 7 million barrels per day, according to a familiar person.This technical milestone represents the culmination of the contingency plan that the kingdom maintained for years to guarantee the supply of oil after the closure of its main export route, through the Strait of Ormuz.Cisterium vessel fleets we…
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