economy

UAE fast-tracks second pipeline to double exports around Strait of Hormuz

The United Arab Emirates revealed that it was constructing a second pipeline to double its ability to export oil around the Strait of Hormuz.

UAE fast-tracks second pipeline to double exports around Strait of Hormuz

TL;DR

  • UAE is building a second oil export pipeline to bypass the Strait of Hormuz.
  • The new pipeline aims to double the UAE's oil export capacity.
  • Construction is being fast-tracked, with completion expected next year.
  • The existing Habshan-Fujairah pipeline can transport 1.8 million barrels per day.
  • The UAE produces 3.2 to 3.6 million barrels per day.

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