UAE’s Hormuz Bypass Oil Pipeline Faces Another Year’s Delay

Abu Dhabi’s 1.5mn b/d capacity Strait of Hormuz bypass oil pipeline will not be ready for at least another 12 months. The pipeline was first scheduled for completion by the end of 2010, but has faced constant delays due to engineering and design problems resulting in holes and corrosion. As Iran carries out war games in the Gulf, shadowing US warships, Washington and London advise Israel not to attack Iran. Most...