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- October 17, 202613°
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- INTEREST37.00%-1.00
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- October 17, 202613°
Saudi Arabia closes oil pipeline as a precaution after attacks
Saudi Arabia’s Ministry of Energy announced that the East-West Oil Pipeline was closed as a precaution after attacks in the Riyadh and Medina regions. Foreign Minister Hakan Fidan and his Saudi counterpart, Faisal bin Farhan Al Saud, also discussed the latest developments in the region and the attacks by phone on Friday.
The East-West Oil Pipeline was closed by Saudi Arabia’s Ministry of Energy as a precaution after numerous attacks in the Riyadh and Medina regions.
The ministry said that some people injured in the attacks received medical treatment. Saudi Arabia’s major oil pipeline system was targeted by projectiles on Thursday, causing fires at pumping stations.
Fidan speaks by phone with his Saudi counterpart
Foreign Minister Hakan Fidan and his Saudi counterpart, Faisal bin Farhan Al Saud, discussed the latest developments in the region during a phone call on Friday.
Fidan and Faisal bin Farhan Al Saud also discussed the latest attacks targeting Saudi Arabia.
An alternative to the Strait of Hormuz for oil exports
The East-West Oil Pipeline transports crude oil from the production region in eastern Saudi Arabia to Yanbu Port on the Red Sea coast. The pipeline allows Saudi Arabia to continue its oil exports without using the Strait of Hormuz.
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