Saudi Arabia's East-West pipeline, which bypasses the Strait of Hormuz, carries oil at full capacity that reaches 7 million barrels per day, Bloomberg reports, citing a person with knowledge of the matter.
Crude exports from Saudi Arabia's Red Sea port of Yanbu have now reached 5 million barrels per day while the country also exports about 700,000 to 900,000 barrels of petroleum products per day, Bloomberg reported.
Reuters could not immediately verify the report, while Aramco, Saudi Arabia's state-owned oil company, did not immediately respond to a request for comment.
Aramco CEO Amin Nasser had told reporters earlier in March that the East-West pipeline would operate at its full capacity of 7 million barrels per day in the coming days as customers changed routes due to the closure of Hormuz.
The conflict in the Persian Gulf, which began with U.S. and Israeli attacks on Iran, has disrupted energy and transportation markets and disrupted global shipping.
Iran has effectively closed the Strait of Hormuz, through which a fifth of the world's oil and liquefied natural gas reserves pass, causing the price of crude oil to skyrocket above $100 per barrel.
Reuters
