India, April 2 -- As the war between the US, Israel, and Iran continues to choke the Strait of Hormuz, Gulf countries are reportedly considering pipeline projects to continue exporting oil and gas.
According to a report by Financial Times, Saudi Arabia is planning on capitalising on the 1,200 km East -West pipeline. Built in the 1980s after fears that the Iran-Iraq war might disrupt Strait of Hormuz shipping, this pipeline might prove essential. It delivers 7mn barrels of oil a day to the Red Sea port of Yanbu, effectively bypassing the Strait of Hormuz.
A senior Gulf energy executive told the outlet that using the pipeline could be "a genius masterstroke."
The development comes at a time when the Strait of Hormuz, a vital energy corri...
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