Saudi to increase crude exports to 10million bpd, examine transport alternatives
Saudi Arabia intends to enhance its crude oil export capacity through pipeline modifications and upgrades. Energy Minister Prince Abdulaziz bin Salman announced potential increases by repurposing a gas pipeline for oil transport. The initial increase could reach 1.2 million barrels per day within weeks. Upgrades to the East-West pipeline could eventually allow exports to reach 10 million barrels…
Saudi Arabia announced plans to increase its crude oil export capacity 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 stated that 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 for oil transport.
Further investments could raise the additional capacity to as much as 3 million barrels per day, Abdulaziz said at the World Petroleum Congress in Riyadh.
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