Oil storage capacity outside the Strait of Hormuz has become crucial for oil majors which regularly ship barrels to Asia, especially after Iranian threats to block the world's largest oil and gas shipping route.
Asia's strong crude and oil products demand has prompted oil producers and trading houses such as Litasco, Noble Group and Azeri SOCAR to secure oil storage rights in the Gulf region.
Among the ports outside the Strait of Hormuz, Fujairah, on the east coast of OPEC member United Arab Emirates has become a major bunkering hub for ship refuelling.
A new pipeline which can bring Abu Dhabi's crude to Fujairah bypassing the Strait, and a new refinery planned in Fujairah, will give the hub further importance.
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