Thursday 3 May 2012

UAE Hormuz bypass pipeline to export in 3 months | Reuters

The UAE's strategic oil pipeline for bypassing the Strait of Hormuz is complete and exports are expected to start within three months, UAE Oil Minister Mohammed al-Hamli said on Thursday.

Initially operating at a rate of 1.4 million barrels per day (bpd), the pipeline should offer the Gulf producer an alternative route out of the narrow strait which Iran has threatened to block as western pressure to limit its oil revenues has intensified.

The United Arab Emirates has run tests on the pipeline, which has faced lengthy delays over a quality dispute with the Chinese company that built it.

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