Saudi Aramco is working to raise the capacity of its East-West Crude Oil Pipeline to 10 million barrels a day from about 7 million, aiming to reduce reliance on the Strait of Hormuz. A former US Treasury official says the move may barely affect global prices.
Aramco Plans to Double Hormuz Bypass Pipeline Capacity
Saudi Aramco is working to raise the capacity of its East-West Crude Oil Pipeline to 10 million barrels a day from about 7 million, aiming to reduce reliance on the Strait of Hormuz. A former US Treasury official says the move may barely affect global prices.
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