UAE fast tracks second West-East oil pipeline to bypass Strait of Hormuz

CNBC Top News ·

UAE fast tracks second West-East oil pipeline to bypass Strait of Hormuz

Abu Dhabi is accelerating construction of the new West-East pipeline to Fujairah as it looks to expand its oil export capacity and bypass the Strait of Hormuz chokepoint. …

Abu Dhabi is accelerating construction of the new West-East pipeline to Fujairah as it looks to expand its oil export capacity and bypass the Strait of Hormuz chokepoint. The project, expected to come online in 2027, will double the Abu Dhabi National Oil Company's (ADNOC) export capacity. The second pipeline project comes as global energy supplies remain under pressure , flows through the Strait of Hormuz are severely limited , and repeated attacks on energy infrastructure and shipping have …

Original source: CNBC Top News

Mentioned

UAE · opec · Fujairah · Hormuz