Saudi Arabia is considering expanding the capacity of its crude oil pipeline to the Red Sea by as much as 2 million barrels per day, a move that would allow more exports to bypass the Strait of Hormuz. The kingdom is reportedly holding preliminary talks with neighboring countries, and one source said the project could also include a second, smaller pipeline for refined petroleum products.
SAUDI ARABIA: Kingdom Weighs Major Pipeline Expansion to Bypass Strait of Hormuz
