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UAE To 'Accelerate' New Oil Pipeline Bypassing Hormuz: State Media
(MENAFN- The Peninsula)
AFP
Dubai, UAE: The UAE is to fast-track construction of a new oil pipeline bypassing the Strait of Hormuz, official media said on Friday, after the Middle East war crippled exports through the vital waterway.
Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan ordered state oil giant ADNOC "to accelerate delivery of the project", which is expected to be completed in 2027, the Abu Dhabi Media Office said.
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