The 1,200-kilometer Saudi oil pipeline, which was attacked last week, is likely to be largely unusable for 3 to 5 weeks. This information comes from two officials in Saudi Arabia who emphasized that repairs will involve work on a main pumping facility.
Details of the Attack and Its Impacts
Saudi Arabia shut down the pipeline on Thursday following an attack that it attributed to drones launched by Iraqi militants. Due to its high capacity, which can transport up to 7 million barrels of oil per day, this pipeline is vital for Saudi Arabia's oil exports to the Red Sea. This route helps Saudi Arabia avoid the Strait of Hormuz, where Houthi attacks have disrupted oil transportation.
Read more: Damage to Saudi oil pipeline; risk of depletion of export reserves
Economic and Security Consequences
The inactivity of this pipeline could have significant impacts on the global oil market. Saudi Arabia, as one of the largest oil producers in the world, is always striving to maintain its exports and prevent market fluctuations. However, repeated attacks on the country's oil infrastructure have raised security concerns and may lead to an increase in global oil prices.
Currently, Saudi officials have stated that the pipeline may operate partially during repairs, but this depends on the repair conditions and progress. Meanwhile, Saudi Arabia is making significant efforts to enhance the security of its oil facilities and prevent such attacks in the future.
According to local sources, the emergence of this issue could affect Saudi Arabia's export plans and force the country to reassess its security and economic strategies. As regional tensions rise, Saudi Arabia is looking to strengthen and improve its infrastructure to prevent such incidents.
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