Gulf States Plan Massive Investment in Pipeline Export Plan to Bypass the Strait of Hormuz
Odaily News According to the Financial Times, due to the threat posed by Iran's potential long-term control over the Strait of Hormuz, Gulf states are re-evaluating costly pipeline plans to bypass this crucial shipping chokepoint and ensure the export of oil and gas. Government officials and industry executives point out that although pipeline projects are expensive, politically complex, and take years to complete, they may be the only way to reduce the Gulf states' dependence on the strait. The current conflict further highlights the strategic value of Saudi Arabia's 1,200-kilometer-long East-West Pipeline. Built in the 1980s, its original purpose was to address concerns about the strait's closure during the Iran-Iraq "Tanker War." Today, it has become a vital lifeline, transporting 7 million barrels of crude oil daily to the Red Sea port of Yanbu, completely bypassing the Strait of Hormuz. Saudi Arabia is currently considering how to export more crude oil via pipelines, with specific plans including expanding the capacity of the East-West Pipeline or opening new routes. (Jin10)
