Saudi Arabia restores East-West pipeline flows to 5.8 million bpd, energy minister says
Saudi Arabia had restored oil flows through its East-West pipeline, which had come under Houthi attacks, to 5.8 million barrels per day by Tuesday morning, its Energy Minister said. Prince Abdulaziz bin Salman told the Made in GCC Forum in Bahrain: “The East-West pipeline that was heavily attacked is operational now. Today around 5.8 million barrels of oil [flows] through the pipeline.”…
Saudi Arabia has brought back 5.8 million barrels of oil per day through its East-West pipeline, restored following Houthi attacks, according to Energy Minister Prince Abdulaziz bin Salman. The pipeline's capacity reaches up to seven million barrels per day. Prince Abdulaziz highlighted the significance of resilience, preparedness, and skill development to support future industries at Made in GCC Forum in Bahrain.
Emphasizing the need for localisation, he stated that 70% of the workforce in vital sectors are Saudis. This localisation offers greater flexibility and the ability to withstand disruptions. Bahrain's Minister of Industry and Commerce, Abdulla bin Fakhro, stressed the importance of deepening industrial integration, calling for enhanced production within the region and greater cooperation across supply chains.
Currently, the Gulf imports over $600 billion worth of goods annually while its combined economy is worth approximately $2.4 trillion. However, intra-GCC merchandise trade stands at only about $46 billion. Fakhro aims to transform the GCC into an integrated industrial ecosystem, emphasizing quality, reliability, and innovation.
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