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...