Saudi Arabia plans to increase its oil export capacity beyond the Persian Gulf to 10 million barrels per day within two years, and will temporarily use natural gas pipelines for oil transport.
Saudi Energy Minister Abdulaziz bin Salman announced on Monday at the World Petroleum Congress in Riyadh that Saudi Arabia is accelerating its oil pipeline expansion plan, aiming to boost pipeline capacity to destinations beyond the Persian Gulf to 10 million barrels per day within two to three years. The plan includes upgrading pumping stations along the East-West Pipeline and converting a natural gas pipeline for crude oil transport. The converted gas pipeline could be operational in as little as seven to eight weeks, with an initial daily oil transport capacity of approximately 1.2 million barrels. This initiative aims to enhance the resilience of Saudi Arabia's energy infrastructure against ongoing Houthi attacks and reduce reliance on the Strait of Hormuz shipping lane.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
End of the USDT "Black Box" Era? Tether Undergoes First Four Audits, $184 Billion Reserves Unveiled
-
2
A Guide to Major Global Cryptocurrency Exchanges: Overview and Selection
-
3
Tether (USDT) In-Depth Analysis: Definition, Mechanism, and Market Position of Stablecoins
-
4
ShapeShift FOX Token: Value and Long-Term Outlook Analysis
-
5
LUNA and LUNC Burning Mechanisms and Latest Developments: An Analysis of the Dual-Token Status in the Terra Ecosystem
-
6
KINE Token Analysis: Trading Channels and Project Status
-
7
Ethereum Cancun Upgrade Concept Coin RDNT: Radiant Capital's Current Status and Technical Analysis
-
8
What is the value of NBR? Is it worth a long-term investment?
-
9
OKT Coin: Issuance, Use, and Market Performance of OKT Chain's Native Token
-
10
USDT Trading Platform Selection Guide: Centralized Exchanges and Cost-Risk Considerations
Markets Today
Recommended Reading












