Arab Today, arab today uae eyes june opening for pipeline bypassing hormuz
Last Updated : GMT 05:32:25
Arab Today, arab today
Arab Today, arab today

UAE eyes June opening for pipeline bypassing Hormuz

Arab Today, arab today

Arab Today, arab today UAE eyes June opening for pipeline bypassing Hormuz

Abu Dhabi - Arabstoday

A pipeline being built by the United Arab Emirates to pump most of its oil exports from east coast terminals bypassing the Iran-threatened Strait of Hormuz, will be operational in June, the ruler of Fujairah said in an interview. \"The pipeline will be operational in June,\" said Sheikh Hamad bin Mohammed Al-Sharqi, whose east-coast emirate is one of seven that make up the UAE. Construction of the 360-kilometre (225 miles) pipeline began in 2008. The pipeline will have an initial capacity of 1.5 million barrels per day rising to 1.8 million bpd, which represents the bulk of the UAE\'s current production of around 2.5 million bpd, Sheikh Hamad said. The Habshan-Fujairah pipeline will carry oil from fields in Abu Dhabi on the Gulf to Fujairah on the Gulf of Oman. 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 large supplies to terminals on the Red Sea. Sheikh 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 percent level seen as a key step towards weapons-grade. 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. Sheikh 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.\" His small emirate, which has a population of just 170,000 people, wants to take advantage of its location to become an export hub for oil and gas. Fujairah is already the world\'s third largest centre for ship bunkering after Rotterdam, in the Netherlands, and Singapore, and wants to rise up on the list. At the port that was opened in 1982, expansion work is 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. The ruler 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, the richest emirate of the UAE.

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 uae eyes june opening for pipeline bypassing hormuz Arab Today, arab today uae eyes june opening for pipeline bypassing hormuz

 



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 uae eyes june opening for pipeline bypassing hormuz Arab Today, arab today uae eyes june opening for pipeline bypassing hormuz

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today A no-frills business success

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success
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 Israel sees benefits in independent Kurdistan

GMT 07:58 2017 Wednesday ,20 September

Israel sees benefits in independent Kurdistan
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today New Zealand opposition looks

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
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 Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Horia Farghaly happy for success of “Case G”

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 06:31 2017 Saturday ,16 September

Eman Al Assy receives three offers

GMT 05:05 2017 Tuesday ,12 September

Pregnant woman's suicide roils China

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:26 2017 Wednesday ,20 September

Opioid overdose deaths take 2.5 months

GMT 11:40 2017 Monday ,18 September

Russia and Iraq restore air travel

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:56 2017 Friday ,15 September

Apple's grand plan in Ireland held up by a forest

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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