Sunday, 27 May 2012

UAE eyes June opening for pipeline bypassing Hormuz

A pipeline being built by the United Arab Emirates to pump most of its oil exports from east coast terminals bypassing the Iran-threatened Strait of Hormuz, will be operational in June, the ruler of Fujairah told AFP in an interview.

“The pipeline will be operational in June,” said Sheikh Hamad bin Mohammed Al-Sharqi, whose east-coast emirate is one of seven that make up the UAE.

Construction of the 360-kilometre (225-mile) pipeline began in 2008.

No comments:

Post a Comment