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Saudi Arabia is evaluating an increase of up to 2 million barrels per day in the capacity of its East-West crude pipeline. The project would route additional volumes from eastern fields to the Red Sea terminal at Yanbu. Preliminary talks have included Kuwait and other neighbors.
Saudi Arabia is considering expanding the capacity of its East-West crude pipeline by as much as 2 million barrels per day. The existing line, built in the early 1980s, moves up to 7 million barrels per day from the kingdom's eastern oil fields to the Red Sea export terminal at Yanbu.
The kingdom has held preliminary discussions with neighboring producers, including Kuwait, about enlarging the system.
Kuwait has no alternative export route for its oil. Iraq's pipeline to Turkey remains subject to outages and political disputes. Qatar is studying whether its LNG exports could use alternative routes through Saudi Arabia.
The proposed expansion would take years to complete and cost billions of dollars. -Iran framework agreement in June, yet commercial shipping stays well below pre-war levels.
rigzone.comThe federal government and Alberta reached an agreement to build a new pipeline estimated at $35.2 billion to $43.7 billion. Governments will hold majority ownership despite an earlier pledge for private financing.