Kuwait is holding talks with Saudi Arabia and other Arab countries to build a new crude oil export pipeline that would bypass the Strait of Hormuz, the Kuwaiti oil minister said, Anadolu reports.
Oil Minister Tariq Sulaiman Al-Roumi told Japan’s Kyodo news agency that one proposed route would connect Kuwait through Saudi Arabia to the Red Sea or Oman, while another would link the country to the UAE’s Fujairah port.
Al-Roumi said the project would be developed through consultations with Saudi Arabia, the UAE and other countries.
“We are currently looking for the best and most cost-effective option,” he said, describing the project as “huge.”
Al-Roumi said Kuwait’s oil exports have “completely stopped” due to Iran’s effective closure of the Strait of Hormuz, adding that rebuilding some attacked oil storage tanks would take “at least a year.”
