Saudi Arabia has added 3 million bpd of oil export capacity to its West Coast on the Red Sea after the upgrade of Saudi Aramco’s Yanbu South Terminal, the state oil giant said on Wednesday. The Yanbu terminal in the port city on the Red Sea coast of western Saudi Arabia is now integrated with the existing crude oil supply network and adds 3 million barrels per day to Saudi Aramco’s export capacity through the West Coast, the company said. The increased export capacity from the Saudi West Coast comes as the Kingdom looks for routes other than the ones from its East Coast and via the Strait of Hormuz, the world’s most important oil chokepoint, which Iran threatened earlier this year to close should the U.S. drive Iranian oil exports to zero. The Strait of Hormuz is the world’s most important chokepoint, with an oil flow of 18.5 […]