Arab Today, arab today fujairah takes centre stage in energy supply
Last Updated : GMT 06:12:15
Arab Today, arab today
Arab Today, arab today

Fujairah takes centre stage in energy supply

Arab Today, arab today

Arab Today, arab today Fujairah takes centre stage in energy supply

Abu Dhabi - Arabstoday

A pipeline being built by the UAE to pump most of its oil exports from east coast terminals bypassing the Strait of Hormuz will be operational next month, His Highness Shaikh Hamad Bin Mohammad Al Sharqi, Supreme Council Member and Ruler of Fujairah, told AFP in an interview. Construction of the 360-km pipeline began in 2008. The pipeline will have an initial capacity of 1.5 million barrels a day rising to 1.8 million barrels a day, which represents the bulk of the UAE\'s current production of around 2.5 million barrels a day, Shaikh Hamad said. The Habshan-Fujairah pipeline will carry oil from fields in Abu Dhabi to Fujairah.Fears of a closure of the Strait of Hormuz intensified in recent months after Iran threatened to close the strategic outlet to the Gulf if Western governments kept up their efforts to choke off its oil exports in a bid to rein in its controversial nuclear programme. In addition to the exports of the UAE and Iran itself, all the oil exports of Bahrain, Kuwait and Qatar are shipped through the waterway. Iraq also pumps the bulk of its exports through ports on the Gulf. Saudi Arabia, the world\'s largest oil exporter, pumps most of its crude from its terminals on the Gulf, but it can divert significant supplies to terminals on the Red Sea. Shaikh Hamad, however, played down the possibility of a closure of Hormuz. \"I do not believe there will be a war,\" he said, arguing that the tension with neighbouring Iran is just a \"summer cloud that will clear.\" Iran held talks on Wednesday and Thursday in Baghdad with six world powers that nearly collapsed when they demanded Tehran give up enriching uranium to the 20 per cent level seen as a key step towards weapons-grade material. In exchange, Iran would get some inducements such as aircraft parts for its dilapidated commercial fleet and technical assistance in nuclear energy. Iran, which is suffering under Western sanctions, said the inducements were far too little and countered with a demand that the P5+1 declare that it has a right to enrich uranium. The two sides agreed to meet again in Moscow on June 18-19. Shaikh Hamad is hopeful that the new pipeline will \"increase the geopolitical importance of Fujairah,\" which \"lies on a meeting point of east and west maritime routes.\" Fujairah is already the world\'s third largest centre for ship bunkering after Rotterdam, in the Netherlands, and Singapore, and is determined to rise up on the list. As the port that was opened in 1982, expansion work is now in full swing, including the construction of two new platforms to receive large tankers, as well as large reservoirs, bringing the storage capacity to around 11 million cubic metres. More investments Shaikh Hamad is expecting more investments in the petroleum sector after the emirate established last year a zone for oil industries. Last year also, Fujairah opened a new power plant fed by a pipeline carrying gas from Qatar through Dubai and Abu Dhabi. A terminal to export liquefied natural gas is planned in Fujairah by the Abu Dhabi investment arm, Mubadala, and International Petroleum Investment Co (Ipic), which also belongs to Abu Dhabi.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fujairah takes centre stage in energy supply Arab Today, arab today fujairah takes centre stage in energy supply

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today fujairah takes centre stage in energy supply Arab Today, arab today fujairah takes centre stage in energy supply

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq's Barzani isolated by his drive

GMT 04:36 2017 Tuesday ,24 October

Iraq's Barzani isolated by his drive
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU targets German carmakers

GMT 05:41 2017 Tuesday ,24 October

EU targets German carmakers
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 05:54 2017 Tuesday ,24 October

Second Palestinian mobile provider enters Gaza

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday