Business · Energy & Commodities · 8 hrs ago

Saudi Aramco Begins Work to Expand Key East-West Oil Pipeline

Saudi Aramco Begins Work to Expand Key East-West Oil Pipeline

Saudi Aramco has begun preliminary engineering for an East-West Pipeline expansion in Saudi Arabia.

The pipeline is one of the country’s key oil transport routes and was damaged in regional conflicts.

Aramco chief executive Amin Nasser said emergency repairs were completed six times faster than at similar energy companies.

He said Aramco could restore capacity to 12 million barrels a day in under three weeks.

The company’s adjusted net profit rose 9.1% to $31.2 billion in the third quarter compared with a year earlier.

Aramco is also considering more oil storage and alternative export routes to strengthen its supply network.

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