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مباشر
Al-Ghais: Saudi East-West pipeline supports energy security
OPEC has affirmed that the East-West pipeline in Saudi Arabia serves as an insurance policy for global energy security, playing a vital role in emergency response and ensuring the stability of oil supplies. The organization's Secretary-General, Haitham Al-Ghais, praised the pipeline's importance in enhancing countries' preparedness to face future developments, especially after its proven role during recent events. He also noted that global oil demand is expected to rise to 1.7 million barrels per day by 2027, despite reducing growth estimates for 2026 to 400,000 barrels per day due to decreased demand and the impact of inventories. He emphasized that oil remains more than 30% of the global energy mix and is fundamental to global energy security.
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