UAE Will Double Oil Export Capacity Bypassing Hormuz by 2027
Photographer: Duncan Chard/Bloomberg
The United Arab Emirates will double its capacity to export crude oil bypassing the Strait of Hormuz by next year, as it seeks to reduce reliance on the shipping chokepoint.
Abu Dhabi National Oil Co. is accelerating the construction of a pipeline that runs to the port of Fujairah on the Gulf of Oman, according to a statement from the emirate’s media office posted on X. The company already operates a 1.5 million barrel-a-day pipeline from its oil fields to the port on the eastern coast, a link that has proven to be a lifeline for the country during the conflict.