
Saudi Oil Pipeline Attack: A pipeline in the Saudi Arabian desert may sound like a problem thousands of kilometres away from India. It isn’t. When the East-West Pipeline, also known as the Petroline, was hit by drone attacks on September 10, the immediate concern was Saudi Arabia’s ability to move crude from its oil-producing east to the Red Sea. But the consequences extend much further — into international oil prices, shipping routes, freight costs and eventually the economics of one of the world’s largest oil-importing countries: India. The important point, however, is not that India suddenly faces an oil shortage. The bigger risk is that getting the oil India needs could become more expensive. What happened to Saudi Arabia’s oil route? Saudi Arabia temporarily shut its roughly 1,200-kilometre East-West Pipeline after attacks struck two pumping stations in the Riyadh and Madinah regions on September 10. The pipeline runs from the kingdom’s eastern oil-producing region towards Yanbu, a major Red Sea export facility. Its nominal capacity is about 7 million barrels of crude a day, although the quantity actually being transported has been significantly lower. Recent reporting estimates that around 4 million barrels per day had been moving through the route
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