A pipeline to avoid the Strait of Hormuz
Abu Dhabi National Oil Company (ADNOC) expects to load its
first test cargo of crude this week from its Strait of Hormuz bypass
pipeline that ends at Fujairah, a major oil storage and fuel bunkering hub
on the Gulf of Oman.
The 380km, 1.5mn b/d pipeline will lessen the
UAE’s dependence on the Strait of Hormuz, which Iran has threatened to block.
The UAE exports about 2.4mn b/d of crude.
Part of the project is a main oil terminal with storage
capacity of 8mn barrels. The total capacity of the project – about 11mn barrels
‐ will be almost five days of UAE’s crude exports.
