UAE to Complete New Oil Pipeline Bypassing Strait of Hormuz by 2027

ON0.47%
MAY0.65%
PORT-8.91%
According to the UAE's media office on May 15, the United Arab Emirates is constructing a new oil pipeline that bypasses the Strait of Hormuz and is planned to become operational by 2027. Once completed, the Abu Dhabi National Oil Company (ADNOC) will double its oil export capacity through Fujairah Port, helping meet global market demand.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments