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Woofun AI reports that Saudi Arabia is evaluating an expansion of its Red Sea crude oil pipeline to add approximately 2 million barrels per day of capacity. This infrastructure upgrade aims to facilitate oil transport to the west coast, allowing exports to bypass the Strait of Hormuz.
Sources indicate preliminary consultations with neighboring countries are underway regarding the project, which may involve upgrading existing infrastructure or constructing new lines. The initiative, potentially costing tens of billions of dollars and taking several years, also considers a smaller refined products pipeline. Current daily throughput stands at 7 million barrels, with 5 million allocated for export.