oil pipelines

Saudi Arabia eyes 10M bpd pipeline route around Hormuz

Saudi Arabia is looking at ways to raise its pipeline capacity to destinations outside the Persian Gulf to 10 million barrels a day within two to three years, Energy Minister Prince Abdulaziz bin Salman said Monday at the WPC Energy…

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Carney names Pacific oil pipeline first national interest project

Prime Minister Mark Carney on Thursday made a proposed oil pipeline to the West Coast, now called Pacific Link, the first project designated in the national interest under the Building Canada Act. Speaking in Fort McMurray, Alberta, with Premier Danielle…

Asian refiners brace for supply crunch as Aramco stays silent on pipeline repairs

Asian refiners are bracing for tighter sour crude supplies after Saudi Arabia shut its East-West oil pipeline following drone attacks on Friday, with at least four processors still waiting for official word from the kingdom on whether loadings at the…

Kuwait signs $16B pipeline deal with Blackstone, KKR, Brookfield

Kuwait Petroleum Corporation announced on Saturday that it has signed a $16 billion lease-and-leaseback deal for its crude oil pipeline network with a consortium of Blackstone, KKR, and Brookfield, in what the state-owned company called the largest foreign direct investment…

Iraq, Syria sign US-backed deal to revive oil pipeline bypassing Hormuz

Iraq and Syria signed a memorandum of understanding in Washington on Friday to rehabilitate the long-defunct Kirkuk-Baniyas crude oil pipeline, a US-brokered agreement aimed at creating an export route that bypasses the Strait of Hormuz amid the ongoing US-Iran conflict.