BREAKING: Saudi Arabia has successfully hit its target of pumping 7 million barrels per day (bpd) through its East-West Crude Oil Pipeline (also known as Petroline).
This move is a direct emergency response to the effective closure of the Strait of Hormuz due to the ongoing conflict in the Middle East.
Saudi Aramco has ramped up the 1,200 km pipeline to its absolute maximum technical capacity of 7 million bpd. This was made possible by converting parallel natural gas liquids (NGL) lines to carry crude oil.
The oil is being diverted from the Persian Gulf to the Red Sea port of Yanbu. Currently, crude exports from Yanbu have hit 5 million bpd. Out of the 7 million barrels moving through the line, roughly 2 million barrels are being retained to feed Saudi Arabia’s own domestic refineries.