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Saudi Pipeline Bypassing Hormuz Strait Operating at Full Capacity, Transporting 7M Barrels Per Day: Wire
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Saudi Arabia's East-West pipeline, which bypasses the Strait of Hormuz, is currently transporting oil at its maximum capacity of 7 million barrels per day, Bloomberg reported, citing sources. According to the report, Saudi Arabia's crude oil exports from the Red Sea port of Yanbu have reached 5 million barrels per day, while the country is also exporting around 700,000-900,000 barrels of petroleum products daily. AAStocks Financial News |
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