Middle East Economic Survey
Hormuz Bypass Pipeline To Start Up This Summer
Abu Dhabi will start pumping its first crude oil this summer through its $3.3bn, 1.8mn b/d capacity Strait of Hormuz bypass pipeline, MEES understands. The strategic pipeline which could export as much as 70% of the emirates crude during times of tension or war to the neighboring emirate of Fujairah on the Gulf of Oman is due to reach full throughput early next year. During peacetime...