Exclusive: Saudi readies oil line to counter Iran Hormuz threat
DUBAI (Reuters) - Saudi Arabia has reopened an old oil pipeline built by Iraq to bypass Gulf shipping lanes, giving Riyadh scope to export more of its crude from Red Sea terminals should Iran try to block the Strait of Hormuz, industry sources say.
Amena Bakr and Daniel Fineren
DUBAI
Thu Jun 28, 2012 7:06am EDT
link-
http://www.reuters.com/article/2012/06/28/us-saudi-oil-hormuz-idUSBRE85R0KT20120628