The UAE’s strategic oil pipeline that will bypass the Strait of Hormuz will boost employment and promote stability in the country, Emirati youth have said.
The oil export pipeline from Habshan in Abu Dhabi to Fujairah is expected to start exports within a month and will initially operate at a rate of 1.5 million barrels per day (bpd). It is expected to increase to 1.8 million bpd.
The UAE is now producing about 2.6 million bpd and has a production capacity of around 2.7 million bpd. “The pipeline will boost the economy in terms of employment. Unemployment is a big issue because not a lot of Emiratis are involved in the multi-million contract deals that are made to develop this country,” said Maitha Ahmad, a 26-year-old business executive.
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