Saudi oil pipeline long-term plan provided global energy lifeline during Iran war: PIF governor

ROME: The long-term planning behind Saudi Arabia’s east-to-west oil pipeline provided a lifeline for global energy markets during the Strait of Hormuz closure caused by the war in Iran, Public Investment Fund Governor Yasir Al-Rumayyan told the FII Priority Europe summit on Thursday. Speaking at the Rome summit, Al-Rumayyan commented on the role Riyadh played in rescuing the energy market and global economy, reflecting on the strategic value of the pipeline built across the Saudi Arabian peninsula.

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