Mohamed Al-Hamli, the UAE’s oil minister, said that the new Abu Dhabi to Fujairah oil pipeline would be finished this year.
“The $3.3 billion pipeline to the UAE’s easternmost emirate, Fujairah, aims to ‘bypass’ the Strait [of Hormuz] and will carry about 1.5 million barrels of oil a day, Al-Hamli said in an interview in Washington.
An earlier Bloomberg article gave reasons for the need to create the UAE pipeline which is principally designed to overcome the chokepoint at the mouth of the Persian Gulf when Iran threatens to block the Strait.
While the UAE is confident the Strait will remain open to tankers, the purpose of the pipeline is “to really not put too much pressure on the ships coming into the Gulf,” Al-Hamli said.
Simon Lomax, Oil Pipeline Bypassing Strait of Hormuz to be Finished This Year, Bloomberg, 23 September 2010.
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