Saudi Arabian oil pipeline system hit by projectiles triggering fires
Saudi officials said the shutdown was precautionary after multiple attacks injured several people and damaged the route used to move 7 million barrels a day.
- On Thursday, Saudi Arabia's Ministry of Energy shut down its East-West pipeline as a "precautionary measure" following drone strikes in the Riyadh and Medina regions that caused injuries and facility damage.
- Iraqi authorities and Saudi officials confirmed the drones originated from Iraqi territory, prompting Saudi Arabia to hold back on immediate retaliation to allow Baghdad time to investigate the assault.
- Satellite imagery from NASA and NOAA instruments confirmed fire damage at pumping stations along the 1,200-kilometre pipeline, which normally transports 4 million to 5 million barrels of crude daily.
- Meanwhile, Houthi forces seized Yemen's port city of Mokha and Perim Island, tightening control over the Bab el-Mandeb Strait, a vital shipping lane already strained by regional conflict.
- Oil prices surged above $100 per barrel this week as the pipeline closure and Houthi blockade heighten fears of a supply bottleneck, threatening global fuel supplies during the conflict.
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After drone attacks, the Kingdom has to shut down an important pipeline, which continues to push exports. An increase in oil prices would further increase fuel prices at the pumping stations, including heating oil before the start of the heating season.
El Periódico
The Saudi Ministry of Energy has proceeded to "preventive" closure of the East-West pipeline, located in the Riad and Medina regions, which transports approximately seven million barrels of crude oil per day, accounting for between 4% and 5% of global production, after suffering several drone attacks from Iraq.Continue reading....
On the night of Saturday, several threats coming from Iraq attacked the Saudi East-West pipeline. It is another escalation in the economic war on the Gulf.
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