Business · Energy & Commodities · 13 hrs ago
Saudi Arabia plans to expand East-West oil pipeline capacity
Saudi Arabia plans to expand its East-West oil pipeline so it can carry 10 million barrels a day.
Energy Minister Prince Abdulaziz bin Salman said the upgrade is expected to take two to three years.
The announcement came at the World Petroleum Congress in Riyadh, which Saudi Arabia is hosting for the first time.
Recent disruptions to energy supplies have put the security and flexibility of oil transport routes in focus.
Aramco chief Amin Nasser said the company is studying additional ways to export crude and expand storage outside Saudi Arabia, in coordination with the Energy Ministry.
These steps are intended to help keep supplies moving if routes or infrastructure are disrupted.
The congress is also discussing energy markets, investment, technology and sustainability.
Saudi Arabia plans to raise the capacity of its East-West oil pipeline to 10 million barrels a day.
Energy Minister Prince Abdulaziz bin Salman said the expansion is expected to take two to three years.
He announced the plan at the World Petroleum Congress in Riyadh.
Saudi Aramco is also studying additional crude export options and expanding storage capacity outside the kingdom.
The measures are intended to strengthen supply-system resilience and diversify export routes.
- Who
- Saudi Arabia, represented by Energy Minister Prince Abdulaziz bin Salman.
- What
- The kingdom plans to expand the East-West pipeline to 10 million barrels a day.
- When
- The expansion is expected to take two to three years.
- Where
- The announcement was made at the World Petroleum Congress in Riyadh; the pipeline is in Saudi Arabia.
- Why
- To strengthen the resilience of energy supplies and help the kingdom respond to crises.
This story does not have two clearly opposing sides.
Prince Abdulaziz bin Salman announced plans at the World Petroleum Congress to expand the East-West pipeline.
Saudi Arabia expects the pipeline expansion to raise capacity to 10 million barrels a day.
- Target capacity
- 10 million barrels a day
- Expansion timeframe
- Two to three years
- Announcement location
- World Petroleum Congress, Riyadh
- Additional export options
- Saudi Aramco is studying options in coordination with the Ministry of Energy
What people are saying
Fear has no place in the dictionary of Saudis
Sources
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