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Exclusive: Saudi readies oil line to counter Iran Hormuz threat

By: Yossel in TT | Recommend this post (0)
Thu, 28 Jun 12 3:56 PM | 115 view(s)
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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

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http://www.reuters.com/article/2012/06/28/us-saudi-oil-hormuz-idUSBRE85R0KT20120628




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