The Middle East oil landscape is undergoing a seismic shift. Crude oil exporting nations are establishing alternative routes to reduce the number of barrels sent through the SoH. Iraq is trucking more than 100 Kbpd to Syria to reach the Med Sea. The UAE is expected to double its pipeline capacity to the GoO sometime next year. Saudi Arabia already sends most of its crude oil exports via the Red Sea. Other countries are also exploring and developing alternative options. תמיר מורג ✍️
