Saudi Arabia Plans Massive Expansion of Oil Pipeline to Bypass Hormuz
Saudi Arabia plans to raise the capacity of its East-West onshore oil pipeline that helps it bypass the Strait of Hormuz to 10 million barrels per day (bpd) within two to three years, Saudi Energy Minister Prince Abdulaziz bin Salman said at the WPC Energy Congress in Riyadh. The pipeline, which returned to service after a two-week suspension following drone attacks in September, currently carries about 5.8 million bpd, the minister said last week. The 740-mile-long pipeline, also known as Petroline, has a maximum capacity of 7 million bpd…
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