Gulf Countries Plan Tough Action on Iran
The article reveals the efforts of Gulf countries to achieve greater independence in transporting their oil, as they seek to reduce their reliance on the Strait of Hormuz, through which approximately 20 million barrels per day used to pass before the war, now reduced to around 3.7 million barrels per day. These measures include constructing and expanding new pipelines, such as the Abu Dhabi Second Pipeline, which doubles capacity to 3.6 million barrels per day, and investing billions of dollars in natural gas and export projects like LNG terminals. Additionally, Saudi Arabia, Kuwait, and Iraq are working on alternative pipeline projects that connect oil fields to ports on the Red Sea or via other routes, aiming to create a more resilient and secure supply network and lessen the risks associated with dependence on the Strait of Hormuz. These projects are expected to take years and cost billions of dollars, but they represent a crucial strategy to safeguard oil supplies against future disruptions.
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