ME accounts for 17% of new-build petroleum products pipeline

The Middle East is expected to contribute 17 per cent of global new-build trunk/transmission petroleum products pipeline length additions by 2023, according to a report by GlobalData, a leading data, and analytics company.

The company’s latest report, ‘Global Petroleum Products Pipelines Industry Outlook to 2023 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Petroleum Products Pipelines’, revealed that the Middle East is likely to have new-build petroleum products pipeline length of 3,483 km by 2023.

Varun Ette, oil and gas analyst at GlobalData, said: “The Middle East is expected to begin operations of 11 trunk pipelines by 2023. Abadan–Rey is the longest upcoming petroleum products pipeline in the region with a length of 920km. The pipeline is slated to commence operations in 2020.”

GlobalData identifies Iran as the potential top contributor to the regional new-build petroleum products pipelines, with five upcoming pipelines with a total length of 2,654 km. All the pipelines proposed in the country are planned pipelines with identified development.

“Saudi Arabia is the second highest contributor to the Middle East’s pipeline length additions by 2023. Yanbu–North Jeddah I and Yanbu–North Jeddah II are the only upcoming planned petroleum products pipelines with proposed lengths of 333.5km each. Both are expected to start operations in 2021,” Ette concluded. – TradeArabia News Service