en.Wedoany.com Reported - Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics of the Kingdom of Saudi Arabia, stated at the St. Petersburg International Economic Forum that the current situation in the Middle East highlights the importance of finding alternative logistics corridors.

The Saudi minister compared the construction of the Northern Sea Route to the East-West oil pipeline project. This pipeline, built and commissioned about 40 years ago to transport oil to the port of Yanbu on the Red Sea coast, required a massive initial investment and remained largely idle for a long time. However, the outbreak of military conflicts in the Middle East and the blockade of the Strait of Hormuz ultimately proved the value of this investment.

Saleh bin Nasser Al-Jasser stated that before the war, there was little interest in this pipeline, but Saudi Arabia had foreseen this situation. This pipeline ultimately became a key guarantee for the country's oil exports and the global energy market. He further noted that this situation is similar to Russia's current efforts in the trans-Arctic corridor. He considers this a highly important project, aimed at providing a backup route for the future to ensure the continuity of global trade.

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