Saudi resumes Yanbu oil loading after pipeline restart
Crude oil loadings at Egypt’s Sidi Kerir resumed on Sept 22 after a 10-day hiatus.
Saudi Arabia has resumed oil loadings from its Red Sea port of Yanbu following the restart of operations on the East-West Pipeline, according to trade sources and shipping data. The resumption comes after drone attacks, which Saudi Arabia attributed to Iraqi militias, forced the kingdom to shut the pipeline on September 11, halting crude exports from Yanbu.
The pipeline operations resumed on September 22, and Saudi Aramco notified customers of its October loading schedule from Yanbu on September 28. The resumption of loading at Yanbu is expected to bolster crude exports from the Middle East, where the US war with Iran has hindered shipments through the Strait of Hormuz, a conduit for one-fifth of the world’s oil supply.
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