Underground Saudi pipeline skipping Strait of Hormuz to hit full capability in days
A oil giant CEO has warned the war is the ‘biggest crisis the region’s oil and gas industry has faced’ as underground Saudi pipeline skipping Strait of Hormuz will hit full capacity in days
Saudi Arabia’s eastern and western coast pipeline will hit full capacity in a couple of days(Image: Bloomberg via Getty Images)
A huge pipeline connecting Saudi Arabia’s eastern and western coast which bypasses the Strait of Hormuz will hit full capacity “in the next couple of days”, it is claimed.
Amin Nasser, Saudi Aramco CEO revealed the shocking intel on March 10 at the company’s third-quarter earnings call. Nasser also said that Aramco, the world’s largest crude exporter, is meeting “the majority” of its customers’ requirements by tapping its storage facilities in Asia, the Mediterranean and Northwest Europe.
Nasser said: “We have 12 million b/d of maximum sustained capacity. That gives us a lot of optionality in terms of where we concentrate our production.” The CEO added: “Certain areas where we have medium and heavy [Arab crude grades], we’re not utilizing for the time being.” Aramco has refused to stop its refinery operations “with the exception of the attacks on our Ras Tanura refinery.”
The CEO also spoke on how the refinery is in the process of becoming operational again. Nasser has called the war the “biggest crisis the region’s oil and gas industry has faced.” He added in only 10 days of war nearly 180 million barrels have been affected by disruptions.
The Nasser said: “There will be catastrophic consequences for the world’s oil market the longer the disruption goes on.”
The development comes as US President Donald Trump says the UK and other ally countries with the United States of America, will send war ships to the Hormuz Strait to keep it “open and safe”.
Posting on Truth Social, the war-crazy president said while Iran had already been “totally decapitated”, it would still be “easy for them to send a drone or two, drop a mine, or deliver a close range missile somewhere along, or in, this Waterway no matter how badly defeated they are”.
Trump wrote: “Many Countries, especially those who are affected by Iran’s attempted closure of the Hormuz Strait, will be sending War Ships, in conjunction with the United States of America , to keep the Strait open and safe.
“We have already destroyed 100% of Iran’s Military capability, but it’s easy for them to send a drone or two, drop a mine, or deliver a close range missile somewhere along, or in, this Waterway, no matter how badly defeated they are.”
He then went on to add that “hopefully” China, France, Japan, South Korea, the UK, and others, “who are affected by this artificial constraint”, will send ships to the area so that the Hormuz Strait will no longer be a threat by a “nation that has been totally decapitated”.
