Saudi to increase crude exports to 10million bpd, examine transport alternatives
Saudi Arabia plans to increase its crude oil export capacity to 10 million barrels per day by repurposing gas pipelines and upgrading existing infrastructure. The move aims to diversify export routes and reduce reliance on traditional maritime chokepoints.
Why it matters
Increased Saudi export capacity significantly impacts global energy markets and geopolitical stability in the Middle East.
Saudi Arabia on Monday said it plans to increase its crude oil export capacity through pipelines up to 10 million barrels per day by converting a domestic gas pipeline for oil shipments and upgrading its existing East-West network.Energy minister Prince Abdulaziz bin Salman said the kingdom could add up to 1.2 million barrels per day of export capacity within seven to eight weeks by temporarily repurposing a gas pipeline to transport crude oil.Further investments could increase the additional capacity to as much as 3 million barrels per day, Abdulaziz said at the World Petroleum Congress in Riyadh.The minister said he had authorised Saudi Aramco to use the pipeline for oil transport until May.
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