ALBAWABA - U.S. Energy Secretary Chris Wright told CNBC on Tuesday that crude oil is expected to flow from the vital East-West oil pipeline within two days after the Houthi attack on Saudi Arabia.
Chris Wright wasn’t the only one giving his estimation regarding the timeline for the pipeline, with estimations ranging as high as five to six weeks to repair the pipeline.
"It's still a detailed assessment, but I think it will be measured in days," Wright had to say on the sidelines of a G20 energy meeting in Houston; adding that Saudi is taking steps to move more oil out of the Strait of Hormuz with assistance from the U.S. military.
The 1,200-km East-West Pipeline had been the main outlet for Saudi oil exports since Iran tightened its grip on the Strait of Hormuz the past six months;
Saudi and UAE's oil pipelines that bypass the Strait of Hormuz. (Shutterstock)
The pipeline moves around four to five million barrels of crude per day, amounting to 4% to 5% of global supply, serving as a boon to Saudi exports as the entire oil flow in the region shut down.
Washington reportedly resisted Saudi attempts to involve them in the Yemen conflict beyond mere intelligence sharing, with crown prince Mohammad bin Salman meeting with U.S. CENTCOM commander Brad Cooper to that effect, in Jeddah on Monday.
Trump said he spoke with MBS over the weekend and revealed that the Iran-backed Houthis urged Washington to stay out of the conflict.
Saudi air defenses downed a drone over Mecca overnight.Only the second attack ever on the holy city. The last was in 2017.Saudi-led coalition spokesman. pic.twitter.com/IlKOtT9ZCV
Pshemaf Choiaqo is a digital marketer with a passion for media, style, and presentation.
He enjoys researching unorthodox and nonconventional subjects almost as much as he enjoys writing about them.
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