en.Wedoany.com Reported - Sultan Al Jaber, CEO of the Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates, stated on the 20th that the UAE is constructing an east-west oil pipeline that bypasses the Strait of Hormuz. The project is nearly 50% complete and is expected to be finished and operational by 2027.
It is reported that Al Jaber made the remarks the same day during an online event hosted by the US think tank Atlantic Council, stating that a significant portion of global energy transportation currently still relies on a few critical maritime chokepoints. The UAE hopes to reduce its dependence on the Strait of Hormuz through this project and enhance its energy export security.
Abu Dhabi Crown Prince Khaled has recently instructed ADNOC to accelerate the construction of this project. Upon completion, the company's crude oil export capacity through the Port of Fujairah will double. The currently operational Fujairah pipeline has a daily transport capacity of approximately 1.8 million barrels, and its strategic importance has further increased against the backdrop of current regional tensions.
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