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Saudi Energy Minister Khalid Al-Falih said his country is planning to increase oil exports by 40% through the east-west pipeline via the Yanbu port city on the Red Sea to avoid passing through the Strait of Hormuz. Currently, the pipeline capacity is at 5 million bpd and the Saudi government is planning to increase it to 7 million bpd within two years.

Saudi Arabia to Expand Export Capacity from East-West Pipeline

Saudi Energy Minister Khalid Al-Falih said his country is planning to increase oil exports by 40% through the east-west pipeline via the Yanbu port city on the Red Sea to avoid passing through the Strait of Hormuz.

Currently, the pipeline capacity is at 5 million bpd and the Saudi government is planning to increase it to 7 million bpd within two years.

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