UAE
ADNOC Pushes To Own Faulty Hormuz Bypass Pipeline
State-owned Abu Dhabi National Oil Company (ADNOC), de facto operator of the 1.5mn b/d oil pipeline that carries its oil to the port of Fujairah, bypassing the Strait of Hormuz, is pushing to own it, MEES learns.
Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC) owns and nominally operates the partially operational Abu Dhabi Crude Oil Pipeline (ADCOP). Countless delays due...
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