Monday 3 December 2012

New UAE pipeline bypasses Strait of Hormuz for ensuring oil export to Asian markets

The United Arab Emirates has laid down a 400 km pipeline from Habshan fields in Abu Dhabi to Fujairah terminal on the Gulf of Oman, which has the capacity of exporting 2 million barrels oil per day to Asian markets in case of any disruption in its shipment from the Strait of Hormuz.

This was stated by an official of the Fujairah government while talking to journalists from different countries, who were there at the invitation of National Media Council to attend 41th anniversary celebrations of UAE National Day. The day was celrebrated across the country on Sunday as Emiratis hung national flags at their residences showing their patriotism.

The UAE has started using the new pipeline in July this year, which was constructed by China from which three fourth of the country's production of oil can be exported, which is about 2 million barrels a day. The UAE is also increasing Fujairah's storage and off-loading capacities.

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