Saudi Arabia ramps up oil exports through Mediterranean pipeline to avoid attacks in Red Sea

🇸🇦 CNBC (SA) —
Saudi Arabia ramps up oil exports through Mediterranean pipeline to avoid attacks in Red Sea

AI Summary

Saudi Arabia has increased its crude oil exports via Egypt's Mediterranean port of Sidi Kerir to bypass risks associated with the Red Sea. The volume of oil shipments through this pipeline has more than doubled, reflecting strategic adjustments in oil logistics.

Oil exports from Egypt's Mediterranean port of Sidi Kerir have more than doubled. The crude is mostly from Saudi Arabia, according to Kpler.

Politics Markets Energy Shipping Saudi Arabia oil exports Sidi Kerir Mediterranean pipeline Red Sea energy logistics Egypt

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