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business6h ago
Underground Saudi pipeline skipping Strait of Hormuz hits full capacity in days
- Saudi Aramco CEO says a new eastern–western pipeline will reach full capacity in a couple of days, bypassing the Hormuz Strait.
- Nasser said the company has 12 million b/d of maximum sustained capacity, offering production option flexibility.
- Aramco noted it is meeting most customer needs by tapping storage in Asia, the Mediterranean, and Northwest Europe.
- The report ties the pipeline to broader market risks as U.S. and allies consider actions to keep Hormuz open.
- Ongoing conflict has disrupted Ras Tanura, with the refinery temporarily stopped during attacks.
- Nasser described the war as the biggest crisis for the region's oil and gas industry.
- The story notes expected global oil market disruption if the crisis continues longer.
- Trump asserted allied ships would help keep Hormuz open to ensure safe passage.
- The article discusses U.S. and UK-led reactions and broader international implications.
- The report cites Aramco's efforts to manage disruptions by leveraging regional storage facilities.
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