Abu Dhabi Bypasses Hormuz Strait With New Pipeline

Abu Dhabi started exporting its first crude from a pipeline that bypasses the Strait of Hormuz, shipping the fuel to a refinery in Pakistan.

CNPC Buys Stake in Abu Dhabi Oil Venture
49:15 - China National Petroleum Corp. bought a stake in Abu Dhabi’s largest oil concession as the Middle Eastern emirate with 6 percent of global crude reserves looks increasingly to Asia, its biggest market, for investment to raise output capacity. Bloomberg's Ramsey Al-Rikabi reports on "Bloomberg Markets: Middle East." (Source: Bloomberg)
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