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Monday, February 12, 2024

Saudi Arabia: MBS establishing new oil routes to avoid the Red Sea?note

Saudi Aramco is still sending crude and fuel ships through the Red Sea, despite the fact that the Iran-backed Houthi militants keep attacking commercial ships in support of the ongoing Gaza War.

However, Saudi Crown Prince Mohammad Bin Salman (MBS) is currently looking for alternative routes for Saudi oil to Europe, due to concerns of further Red Sea escalation.

This note sheds light on the following key issues:

- The routes that Aramco is currently using to send oil to Europe

- MBS views on Red Sea oil facilities capacity

- The alternative land and sea corridors that MBS is eyeing


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