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Saudi Arabia to expand oil pipeline capacity to 10 million barrels per day
At the 25th WPC Energy Congress in Riyadh, Saudi Arabia announced plans to expand its East-West pipeline capacity to 10 million barrels per day within two to three years. This strategic move aims to increase energy security and provide an alternative export route to the Red Sea, bypassing the vulnerable Strait of Hormuz amid regional tensions and attacks on maritime shipping.
Energy Minister Prince Abdulaziz bin Salman emphasized that the Kingdom is committed to its energy transformation and international commitments. The expansion involves repurposing a domestic gas pipeline to transport oil, which could initially add 1.2 million barrels per day to exports. Saudi Aramco CEO Amin Nasser noted that global commercial onshore oil inventories have fallen below 6 billion barrels, increasing the need for logistical resilience.
In addition to infrastructure, Saudi Arabia signed energy cooperation memorandums with Mongolia, Tanzania, Cyprus, and Mauritius. The Kingdom is also exploring regional partnerships, including discussions with Yemen regarding the modernization of Aden refineries and potential electrical grid connectivity. Meanwhile, Kuwait is studying similar pipeline projects through Saudi Arabia and the UAE to diversify its own export options.
Entities
Abdulaziz bin Salman · Amin H. Nasser · Amin Nasser · East-West Pipeline · Prince Abdulaziz bin Salman · Riyadh · Saudi Arabia · Saudi Aramco · WPC Energy
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 7 SOURCES] Saudi Arabia aims to increase its oil pipeline capacity to 10 million barrels per day within two to three years. okaznews.net · gcaptain.com · www.pipeline-journal.net · oilprice.com · www.newmoney.gr
- [● 4 SOURCES] A gas pipeline is being prepared for dual-use to transport either oil or gas depending on seasonal needs. okaznews.net · gcaptain.com
- [● 4 SOURCES] The East-West pipeline was carrying 5.8 million barrels per day as of October 6. gcaptain.com · www.pipeline-journal.net · oilprice.com · www.newmoney.gr
- [● 5 SOURCES] The repurposed gas pipeline could initially transport 1.2 million barrels of oil per day. okaznews.net · gcaptain.com · www.newmoney.gr
- [● 3 SOURCES] Saudi Arabia seeks international participation in pipeline projects, including ownership, design, and financing. okaznews.net
- [○ 1 SOURCE] The Kingdom signed energy cooperation memorandums with Mongolia, Tanzania, Cyprus, and Mauritius. alkuwaitnews.net
- [○ 1 SOURCE] Saudi Arabia signed energy cooperation memorandums with Egypt, Qatar, and Kuwait. alkuwaitnews.net
- [○ 1 SOURCE] Saudi Arabia will honor its international energy commitments and continue its economic transformation. madhyamamonline.com