Business · Energy & Commodities · 11 hrs ago

Abdulaziz bin Salman says oil pipeline capacity will reach 10 million barrels a day

Abdulaziz bin Salman says oil pipeline capacity will reach 10 million barrels a day

Abdulaziz bin Salman said oil pipeline capacity will be raised to 10 million barrels per day.

The statement concerns oil pipelines, which carry crude oil from one place to another.

The planned capacity is 10 million barrels daily, according to the headline.

Capacity describes how much oil the pipelines can carry, not necessarily how much they currently transport.

The change would increase the pipelines’ ability to move oil, but no reason for the increase was provided.

No timing or further details were given, so it is unclear when the higher capacity will be reached.

Sources

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