Saudi Arabia restarts East-West oil pipeline, to resume exports from Yanbu, sources say
Saudi Aramco has informally told at least three Asian refiners they may soon pick up cargoes as repairs could take three to five weeks, sources said.
- On Tuesday, Saudi Aramco executives informally told at least three Asian refiners they could soon resume crude oil loadings at the Red Sea port of Yanbu, according to traders familiar with the matter.
- Saudi Arabia halted loadings at Yanbu following drone attacks on the 750-mile East-West pipeline launched from territory in Iraq near the Iranian border, shutting the critical export terminal.
- The Saudis are working to restore partial operations at half capacity within days, regional officials told The Associated Press last week, though full repairs could take three to five weeks.
- With the pipeline out of service, Saudi Arabia increased shipments through the Strait of Hormuz and offered ship-to-ship transfers at Sohar, Oman, while cutting off Europe from October loadings at Yanbu.
- The 750-mile East-West pipeline allows the Kingdom to re-route most crude loadings from Persian Gulf ports to the Red Sea, bypassing the Strait of Hormuz and maintaining critical export stability despite current disruptions.
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After attacks by the Huthi militia, Saudi Arabia had to shut down its pipeline to the Red Sea. Now it is probably repaired and ready for use.
Saudi Arabia is resuming oil supplies on the Red Sea coast, bypassing the Strait of Ormuz, and the Kingdom has been able to build short-term rounds of three attack-damaged pumps.
With western exit restricted, most of Saudi exports were shifted to Persian Gulf terminals.
Saudi Arabia resumed oil pumping through the east-west pipeline at a low rate, following the closure of the pipeline following marching attacks, amid expectations of the resumption of the loading of crude from the port of Yabor on the Red Sea.
‼️ Saudi Arabia restarts oil pipeline bypassing the Strait of Hormuz
▪️Riyadh has resumed operations on the East-West pipeline, which was halted on September 13 following drone attacks. Shipments from the Red Sea port of Yanbu could resume as early as today; the first tanker is scheduled to depart for China.▪️The...
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