Saudi oil giant Aramco, officially the Saudi Arabian Oil Company, is racing to build a bigger back door around the Strait of Hormuz.
Aramco CEO Amin Nasser said this week that the company is working to raise the capacity of its East-West Crude Oil Pipeline, also known as the Petroline, to 10 million barrels a day from about 7 million today, while running engineering studies on additional export routes. Nasser made the comments to Al Arabiya Business in his first interview since the war began. The plan echoes an announcement earlier this month from Saudi Energy Minister Prince Abdulaziz bin Salman, who told the WPC Energy Congress in Riyadh that the expansion would take two to three years.
