15 Hrs
Source:
الاقتصادية
US Official: Saudi East-West Oil Line May Restart Soon
Official sources have reported that the Saudi oil pipeline "East-West," which was temporarily shut down following Iran-related attacks, may resume operations within a few days. This could somewhat alleviate the pressures on global oil supplies, which are under strain due to regional tensions—particularly after the disruption of ports and fields in the Middle East and their impact on oil prices, which have surpassed $108 per barrel. The pipeline serves as an alternative to the Strait of Hormuz, starting from eastern fields in Saudi Arabia and extending to the port of Yanbu on the Red Sea. It previously transported between 4 and 5 million barrels per day. This step comes amid Saudi efforts to reduce dependence on critical chokepoints, amid escalating military tensions and attacks on its facilities, raising concerns about ongoing disruptions to supply.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)