Saudi Arabia Gives Preliminary Nod to Revive Iraq‑Saudi Oil Pipeline

kenya-today.com · economy
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Saudi Arabia gave preliminary approval to restore a crude export pipeline. This pipeline spans 1,568 kilometers. The project would provide Iraq with an outlet to the Red Sea. This move could reduce the current reliance on the Strait of Hormuz.

Saudi Arabia has granted preliminary approval to restore the 1,568‑km Iraq‑Saudi crude export pipeline, a step that could give Iraq a Red Sea outlet and reduce reliance on the Strait of Hormuz.

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