A pipeline that will carry the bulk of Abu Dhabi's crude to the port of Fujairah - bypassing the strategically sensitive Strait of Hormuz - will be operational this month, a senior Abu Dhabi National Oil Company (Adnoc) official said.
Known as the Abu Dhabi Crude Oil Pipeline, the US$3.3 billion (Dh12.12bn) structure was originally slated for completion in 2010.
A day before Abu Dhabi celebrates its first shipment of crude oil 50 years ago, the head of the emirate's offshore production company said yesterday that the alternative route would soon be open. "Within July they will be in the commissioning phase," said Ali Al Jarwan, the chief executive of Abu Dhabi Marine Operating Company, one of Adnoc's offshore subsidiaries. "We expect that by August we'll have regular flow of oil."
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