UAE to Complete New Oil Pipeline Bypassing Strait of Hormuz by 2027
Odaily reports that the United Arab Emirates is constructing a new oil pipeline to bypass the Strait of Hormuz and plans to put it into operation in 2027. According to a statement from the country's Media Office, once the project is completed, the oil export capacity of Abu Dhabi National Oil Company (ADNOC) via Fujairah Port will double, helping to meet global market demand. (Golden Ten Data)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tidewater Midstream forecasts 2026 consolidated adjusted EBITDA of C$ 300-320 million
Nvidia's market value falls below $4 trillion for the first time since July 2025.
Crypto prices
More
