UAE: Abu Dhabi-Fujairah strategic pipeline inaugurated
Risk Management
Issue 928
- 20 Jul 2012
| 1 minute read
On 15 June, the UAE officially inaugurated a strategic oil pipeline linking Abu Dhabi and Fujairah on the Gulf of Oman,which will allow 1.5m b/d of crude to bypass the Strait of Hormuz.The $3.3bn 370km Abu Dhabi Crude Oil Pipeline is not expected to run at capacity, but combined with expanded storage in Fujairah would allow the UAE to continue exporting crude should Iranian threats to close the Strait be realised.
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