Kuwait is actively engaged in talks with Saudi Arabia and the UAE to consider the possibility of exporting its oil through the existing pipeline networks of these nations. This initiative is part of Kuwait's efforts to mitigate the challenges posed by the closure of the Strait of Hormuz, aiming to secure alternative export routes for its oil supplies.
Speaking at the Atlantic Council's energy forum held in Washington, D.C., Sheikh Nawaf Saud Al-Sabah, Deputy Chairman and CEO of Kuwait Petroleum Corporation, emphasized that discussions are focused on evaluating the potential to expand Saudi and UAE pipeline systems. This expansion could accommodate additional Kuwaiti oil, ensuring a steady flow of supplies to global markets.
He highlighted that the Gulf Cooperation Council (GCC) countries are currently experiencing unprecedented levels of coordination and integration. A collective approach is being pursued to address the consequences of the Hormuz Strait closure and its direct impact on energy security and global oil markets.
Sheikh Nawaf noted that the GCC states have mechanisms for mutual cooperation that allow one country to export oil through another country’s facilities in emergencies. However, the current situation poses added challenges due to limited surplus export capacities, necessitating investments in pipeline infrastructure expansion projects.
Regarding the reliability of these alternatives, Sheikh Nawaf emphasized that the security of export ports and pumping stations remains crucial for the success of any alternative export system. He warned that attacks targeting these installations could have greater repercussions than those affecting the pipelines themselves, which can be repaired in shorter timeframes.
Recalling recent attacks on oil facilities in Saudi Arabia and the UAE, Sheikh Nawaf remarked that these incidents underscored the significant security challenges facing critical energy infrastructure.
This move comes as Kuwait faces mounting pressure on its oil sector following disruptions in export activities through the Strait of Hormuz. Consequently, Kuwait has reduced its output to meet domestic market needs while actively seeking alternative avenues to ensure the continued flow of Kuwaiti oil to Asian and European markets.