Tag

East West Pipeline

All articles tagged with #east west pipeline

business19 days ago•2 min saved

Aramco profits surge as east-west pipeline cushions Gulf disruption

Saudi Aramco posted a 26% rise in Q1 net profit to $33.6 billion on revenue of $115.5 billion, aided by its east–west pipeline that can move up to 7 million barrels per day and bypass disruptions through the Strait of Hormuz. The conflict has kept oil prices elevated near $100 a barrel, while Aramco maintained a quarterly dividend of $21.9 billion. Company CEO Amin Nasser warned that even if Hormuz reopens, it could take months for markets to rebalance, with a risk of longer disruption potentially pushing normalization to 2027.

via The Guardian|

#aramco #business #east-west-pipeline

business1 month ago•2 min saved

Saudi East-West Pipeline Bounces Back to 7 Million Bpd After Attacks

Saudi Arabia says its East-West oil pipeline has been returned to full capacity, pumping about 7 million barrels per day after attacks tied to the US-Israel war on Iran; Manifa is back to 300,000 bpd, while Khurais remains down by 300,000 bpd. The ministry credits Aramco and the energy sector’s resilience, amid broader disruption to Strait of Hormuz shipping and ongoing US-Iran tensions.

via Al Jazeera|

#aramco #business #east-west-pipeline

business2 months ago•4 min saved

Saudi-UAE Pipelines Offer Partial Bypass of Hormuz Amid Gulf Crisis

Saudi Arabia’s East-West pipeline (about 7 million barrels per day) and the UAE’s ADCOP (around 1.5–1.8 million bpd) bypass the Strait of Hormuz and can partially offset the roughly 20 million bpd that typically transits Hormuz, but actual relief depends on utilization and security risks; ongoing Iran war and incidents at facilities like Ruwais could cap throughput and keep oil prices volatile.

via CNBC|

#adcop-habshan-fujairah #business #east-west-pipeline

world2 months ago•6 min saved

Saudi East-West Pipeline Goes Live to Bypass Hormuz

Saudi Aramco is ramping up crude flows through the 750-mile East-West pipeline from Abqaiq on the Gulf to Yanbu on the Red Sea, aiming for seven million barrels per day to bypass the Strait of Hormuz as tensions with Iran threaten market access; the pipeline helps mitigate supply gaps but is not a fail-safe due to Yanbu's export capacity and ongoing security risks, with global prices fluctuating on the conflict's length and potential disruptions.

via Middle East Eye|

#east-west-pipeline #energy-security #hormuz-strait