Saudi Arabian National Petroleum Corporation President and CEO Amin Nasser said on the 3rd that the company is already exploring the expansion of the east-west oil pipeline that passes through the Strait of Hormuz, and preliminary engineering design has already begun. The east-west pipeline transports crude oil produced in the oil-producing region of eastern Saudi Arabia to ports along the western Red Sea coast, and is called a “key lifeline” by Nasser. Nasser said that Saudi Aramco is also planning to expand overseas oil storage capacity and open up more crude oil export routes.

Saudi Arabian National Petroleum Corporation President and CEO Amin Nasser said on the 3rd that the company is already exploring the expansion of the east-west oil pipeline that passes through the Strait of Hormuz, and preliminary engineering design has already begun. The east-west pipeline transports crude oil produced in the oil-producing region of eastern Saudi Arabia to ports along the western Red Sea coast, and is called a “key lifeline” by Nasser. Nasser said that Saudi Aramco is also planning to expand overseas oil storage capacity and open up more crude oil export routes.