HSBC CEO Georges Elhedery says the Strait of Hormuz may become redundant in five years as Gulf producers rush to build pipelines to the Red Sea and Mediterranea...
HSBC CEO Georges Elhedery says the Strait of Hormuz may become redundant in five years as Gulf producers rush to build pipelines to the Red Sea and Mediterranean. Saudi Arabia plans to lift East-West capacity to 10M bpd. #Oil#Hormuz#HSBC#Saudi