Saudi Arabia Reopens Oil Pipeline to Bypass Hormuz if Needed

Saudi Arabia Reopens Oil Pipeline to Bypass Hormuz if Needed
dj
Παρ, 29 Ιουνίου 2012 - 19:23
Saudi Arabia has reopened an oil pipeline, built by Iraq in the 1980s, which would allow them to ship crude to terminals on the Red Sea in the event Iran tries to block the Straits of Hormuz, Reuters reports on its website Thursday. The pipeline, which was built during the Iran-Iraq War, hasn't carried crude since Saddam Hussein's invasion of Kuwait in 1990, Reuters said
Saudi Arabia has reopened an oil pipeline, built by Iraq in the 1980s, which would allow them to ship crude to terminals on the Red Sea in the event Iran tries to block the Straits of Hormuz, Reuters reports on its website Thursday.

The pipeline, which was built during the Iran-Iraq War, hasn't carried crude since Saddam Hussein's invasion of Kuwait in 1990, Reuters said.

In 2001, Saudi Arabia confiscated the pipeline because of debts owed by Baghdad. Over the past few years, the pipeline was used to transport natural gas to power plants, the report said.

Διαβάστε ακόμα