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[BUSINESS] · United Arab Emirates · 2 sources

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United Arab Emirates considers new oil pipeline to bypass Strait of Hormuz

The United Arab Emirates is evaluating the construction of a third crude oil pipeline to reduce reliance on the Strait of Hormuz. According to Bloomberg, citing sources with knowledge of the plans, the initiative aims to mitigate risks associated with the maritime route, which has faced disruptions due to tensions between the United States and Iran.

The state-owned oil company, ADNOC, is assessing the feasibility of a pipeline that would connect the country's western coast to the port of Fujairah on the eastern side. This project is expected to enhance the export capacity of UAE crude oil and could potentially serve as a transit route for third-party oil shipments. By establishing this alternative, Abu Dhabi seeks greater flexibility in supplying international customers even if hydrocarbon transport through the Strait of Hormuz is compromised.

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ADNOC · Abu Dhabi · Fujairah · Strait of Hormuz · United Arab Emirates