Saudi, UAE, Iraq: Can three pipelines help oil escape Strait of Hormuz?
In peacetime, 20 percent of the world’s oil and gas is shipped from producers in the Gulf through the Strait of Hormuz – the only route to the open ocean – including 20 million barrels of oil per day. Three oil pipelines could work as ways around the Strait of Hormuz, including: Saudi Arabia’s East-West Pipeline The East-West pipeline is also known as the Petroline and is operated by Saudi oil giant Aramco. While these pipelines can take on some of the capacity of Hormuz, their combined...
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