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Saudi Arabia to expand its East-West pipeline to carry 10 million barrels a day and rely less on Hormuz

FinanceInternationalDiario AS45 s readAI summary
Image: Diario AS

Saudi Aramco is working to expand its East-West pipeline, known as Petroline, to carry up to 10 million barrels of oil a day from the current 7 million, a project that could take two to three years to complete. The goal is to reduce dependence on the Strait of Hormuz amid tensions in the Middle East. Aramco CEO Amin Nasser confirmed the plans, which were also announced by Saudi Energy Minister Prince Abdulaziz bin Salman at the WPC Energy Congress in Riyadh.

In 45 seconds

  • Aramco aims to raise Petroline's capacity from 7 to 10 million barrels a day, with an estimated timeline of two to three years.
  • The pipeline runs from Abqaiq, near the Persian Gulf, to the port of Yanbu on the Red Sea.
  • Before the conflict it moved about two million barrels a day and by late March it reached its maximum capacity of seven million.
Read the full story at Diario AS

IASummary generated by artificial intelligence from a story by Diario AS. It may contain errors: the original source prevails.

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