Gulf States Plan Massive Investment in Pipeline Export Projects to Bypass the Strait of Hormuz
Svmuu News According to the Financial Times, due to the threat posed by Iran's potential long-term control over the Strait of Hormuz, Gulf states are reevaluating costly pipeline plans to bypass this critical shipping chokepoint and ensure oil and gas exports. Government officials and industry executives point out that although pipeline projects are expensive, politically complex, and take years to complete, they may be the only way to reduce the Gulf states' dependence on the strait. The current conflict further highlights the strategic value of Saudi Arabia's 1,200-kilometer-long "East-West Pipeline." Built in the 1980s, its original purpose was to address concerns about the strait's closure during the Iran-Iraq "Tanker War." Today, it has become a crucial lifeline, transporting 7 million barrels of crude oil daily to the Red Sea port of Yanbu, completely bypassing the Strait of Hormuz. Saudi Arabia is currently considering how to export more crude oil via pipelines, with specific options including expanding the capacity of the "East-West Pipeline" or developing new routes. (Jin10)
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source:Odaily · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
SK hynix in talks with Intel over potential US memory production agreement
-
2
Fetch.ai (FET) Token Analysis: Project Status and Investment Considerations
-
3
Bybit to adjust risk limits and leverage for selected perpetual contracts including 1000XECUSDT and BLASTUSDT, effective Sep 18, 2026
-
4
XLM Price Analysis: Stellar Lumens' Positioning, Progress, and Market Outlook
-
5
Zhipu AI's CoWork business in China is progressing rapidly, with industry orders exceeding 1 billion yuan within one month of GLM-5.3's release.
-
6
Anthropic, after calling for an AI slowdown, has signed its first data center lease in Australia, planning a total capacity of 2.16 GW.
-
7
Nikkei: Japan's MUFG Bank to Introduce Guidelines for Financing Defense Industry
-
8
Turkish Stocks Fall More Than 5% Amid Deepening Fund Redemption Woes
-
9
UK FCA Issues New Guidance for Crypto Assets, Preparing Firms for Authorization Applications Opening September 2026
-
10
Markets are cautiously optimistic ahead of the Federal Reserve's decision, with U.S. Treasuries slightly stronger, crude oil gains narrowing, and equity index futures holding steady.
Markets Today
Recommended Reading




