Iran attacks Saudi Arabia's oil pipeline, disrupting a system carrying 7 barrels per day.
Iran attacked a Saudi Arabian oil pipeline, disrupting the system by 7 barrels per day, while the Strait of Hormuz remains closed to traffic, resulting in a massive loss of regional oil production.
April 10, 2569 at 03.44:XNUMX, CNBC reported that Saudi Arabia is facing increased pressure on its energy sector after a key oil pipeline connecting to the Red Sea was attacked by Iran. This has resulted in a reduction in oil transportation capacity of approximately 700,000 barrels per day.
According to official news reports... The attack occurred at a pumping station on the East-West pipeline, a critical infrastructure used to transport crude oil from production areas near the Persian Gulf to the export port of Yanbu on the Red Sea coast.
The pipeline has a capacity of up to 7 million barrels per day and was considered the "main artery" of Saudi Arabia's oil exports during the war with Iran. Because Saudi Arabia is unable to use the route through the Strait of Hormuz due to Iranian attacks in the area.
meanwhile The attacks on Saudi Arabia's key oil production facilities, Manifa and Khurais, also reduced the country's oil production capacity by approximately 600,000 barrels per day. In addition, several refineries were damaged in the attacks.
The damage to Saudi Arabia's energy infrastructure further exacerbates the already tight global oil supply situation following Iran's attack on oil tankers in the Strait of Hormuz.
Although the United States agreed to a two-week ceasefire with Iran in exchange for the reopening of shipping lanes in the Strait of Hormuz, the situation remains unresolved.
Sultan Ahmed Al Jaber, CEO of the United Arab Emirates National Oil Company (ADNOC). specify that The strait is "not yet officially open" and navigation is still strictly controlled by Iran.
“We need clarity – and the truth is, the Strait of Hormuz is not open. Access remains restricted and under control.” He said it via social media.
The Strait of Hormuz is a strategically important route connecting oil producers in the Gulf, such as Saudi Arabia and the United Arab Emirates, to global markets. Before the war, approximately 20% of the world's oil supply flowed through this route.
Last Analysts from Kpler. Evaluate that Oil producers in the Gulf have shut down production totaling 13 million barrels per day due to the impact of instability in shipping routes.
refer : www.cnbc.com
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