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Reports indicate that Saudi Arabian oil transportation company "Aramco" will begin operating a new crude oil pipeline valued at approximately $1.2 billion, aimed at increasing export capacity and reducing transportation costs. It is expected that this project will benefit the company by decreasing reliance on maritime shipping, increasing productivity by 62.3%, and improving export efficiency during the period up to July 30, 2026. The company confirmed that this project is part of a strategic plan to enhance its logistical capabilities and meet the growing demand for oil in global markets.
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