Saudis Seek to Resume Half of Key Oil Pipeline Within Days
Saudi Aramco is bypassing a damaged section as traders seek replacement cargoes after the shutdown disrupted millions of barrels a day of exports.
- U.S. Energy Secretary Chris Wright said on Tuesday that crude oil flow through Saudi Arabia's East-West Pipeline should resume in days, following a precautionary shutdown on September 11 due to Houthi attacks.
- Yemen-Based Houthi militants targeted energy infrastructure along the Red Sea coast earlier this month, prompting Saudi Arabia to halt the 746-mile-long pipeline that moves 7 million barrels of crude daily.
- While Wright expects a quick restart, industry analysts estimate repairs could take between three days and six weeks depending on structural damage, as crude prices remain above $107 in London.
- State-Run Saudi Aramco is working to bypass damaged sections to restore partial capacity, while the kingdom remains on high alert after air defenses downed a drone over Mecca, which officials called a "red line."
- The U.S. military is assisting Saudi efforts to redirect oil exports through the Strait of Hormuz, as Iran-backed groups continue to threaten shipping lanes and civilian sites across the Arabian Peninsula.
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24 Articles
Reformatorisch Dagblad
The Saudi state oil company Saudi Aramco plans to reopen a section of the suspended east-west oil pipeline within a few days, according to news agency Bloomberg. Transport through the pipeline was halted last Thursday following a drone attack that caused damage to the system.
Saudi Arabia plans to partially restart the seven-million-barrel-per-day East-West oil pipeline that runs through the Arabian Peninsula within days, after a drone attack by Iraqi militias last week forced it to shut down. It could take up to six weeks to restore full capacity. We'll be covering similar topics at our Portfolio Investment Day conference on October 21. One of the biggest investment events of the year is coming up, where profession…
(Cairo=Yonhap News) Correspondent Kim Sang-hoon = Two pumping stations connecting the East-West pipeline, a key crude oil transportation infrastructure for Saudi Arabia, the world's largest oil exporter, have been destroyed...
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