5.8 million barrels of oil now transported daily via East-West Pipeline
Saudi energy minister says 5.8 million barrels of oil currently flow through the East-West Pipeline, highlighting logistics and localization efforts.
Key Takeaways
AISaudi Minister of Energy and Minister of Industry and Mineral Resources Abdulaziz bin Salman said that approximately 5.8 million barrels of oil are currently transported daily through the East-West Pipeline.
Speaking during a panel at the 'Made in the Gulf' conference, he noted, "Gulf countries have learned a great deal from past crises in the region, and having multiple logistics options has been key to managing these challenges."
Abdulaziz bin Salman also emphasized that "localization gives us flexibility and resilience, and at least 70% of the workforce in industrial, mining, and energy facilities will be Saudi nationals."
He explained that there are clear directives to localize all aspects related to energy, with ongoing efforts to integrate the energy, industry, and mining sectors. He added that this integration is expected to be completed by the end of November.
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