Gulf nations consider expanding oil pipeline to bypass Strait of Hormuz

ME News reports that on April 2 (UTC+8), Gulf nations are reassessing costly pipeline projects aimed at bypassing the Strait of Hormuz to secure oil and gas exports, following threats of Iran potentially establishing long-term control over the strait. Government officials and industry executives note that, despite the high costs, political complexity, and multi-year timelines involved, pipelines may be the only viable way to reduce Gulf nations’ dependence on the strait. The current conflict has further highlighted the strategic importance of Saudi Arabia’s 1,200-kilometer East-West Pipeline. Built in the 1980s to address fears of the strait being closed during the Iran-Iraq “Tanker War,” it now serves as a critical lifeline, transporting 7 million barrels of crude oil per day to the Red Sea port of Yanbu, entirely avoiding the Strait of Hormuz. Saudi Arabia is currently exploring options to increase crude exports via pipelines, including expanding the capacity of the East-West Pipeline or developing new routes. (Jinshi) (Source: ODAILY)