Saudi Arabia’s crucial east-west pipeline, which was damaged by an attack in the Israel-U.S.-Iran conflict, is once again functioning at capacity, the country’s energy ministry said.
The East-West Pipeline, also known as the ‘Petroline,’ is part of the kingdom’s long-running backup plan to keep oil flowing after its main export route was effectively shut down.
Tankers are now being rerouted to the Red Sea port of Yanbu to pick up the oil, helping keep global supplies moving.
Crude exports through Yanbu have now climbed to about 5 million barrels a day, and the kingdom is also shipping another 700,000 to 900,000 barrels a day in refined products, according to a source familiar with Saudi Arabia’s oil sector. 2 million barrels a day goes to Saudi Arabia’s own refineries.
