U.A.E. Says Pipeline Bypassing Hormuz Nearly Finished

A pipeline to send oil from the United Arab Emirates directly to the Indian Ocean, instead of being shipped by tanker through the Strait of Hormuz, probably will be finished this year, said Mohamed Al-Hamli, the nation’s oil minister.

The $3.3 billion pipeline to the U.A.E.’s easternmost emirate, Fujairah, aims to “bypass” the Strait and will carry about 1.5 million barrels of oil a day, Al-Hamli said in an interview in Washington.