finance
Middle Eastern oil producers seek Japanese support for Hormuz bypass pipelines
Saudi Arabia and the UAE have asked Japan to join or back plans to expand oil pipelines that would avoid the Strait of Hormuz. The request was conveyed by the chairman of one of Japan's largest refining companies.
Jul 15, 1:59 PM·1m read2 sources
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Middle Eastern oil producers including Saudi Arabia and the UAE have asked the Japanese government to participate in or support plans to expand oil pipelines that would bypass the Strait of Hormuz. The request was reported by the chairman of one of Japan's largest refining companies.
The proposed pipelines would provide an alternative route for oil exports that currently pass through the Strait of Hormuz, a key waterway for global crude shipments.
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