Saudi Arabia’s East-West Pipeline oil flow reaches 5.8 million bpd
Saudi Arabia’s East-West Pipeline is operating with oil flows reaching 5.8 million barrels per day as of Tuesday morning, Energy Minister Prince Abdulaziz bin Salman said. The pipeline, which transports crude to the Red Sea export terminal at Yanbu, has not experienced any interruptions, a source said Monday. The statement came after media reports suggested ...
As of Tuesday morning, Saudi Arabia's East-West Pipeline was transmitting oil at a rate of 5.8 million barrels per day, according to Energy Minister Prince Abdulaziz bin Salman. The pipeline, which delivers crude to the Red Sea export terminal in Yanbu, had not encountered any disruptions, according to a Monday source. The announcement followed media reports that indicated a recent interruption due to ongoing tensions between Saudi Arabia and Yemen's Houthis.
Saudi Arabia had resumed the pipeline operations after drone attacks on September 11, which forced the kingdom to shut down the pipeline and cease crude loadings at Yanbu, as reported by three sources familiar with the situation. The kingdom had blamed the attacks on Iraqi militias. The East-West Pipeline has gained increasing significance following the US-Israeli war on Iran, which disrupted oil flows from Saudi Arabia and Gulf states via the Strait of Hormuz.
Riyadh has been utilizing the pipeline to reroute roughly 4 million barrels per day to Yanbu, accounting for around 4% of global oil supply.
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