• 7 hours U.S. Oil Production To Increase in November As Rig Count Falls
  • 9 hours Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 11 hours Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 13 hours EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 15 hours Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 15 hours Aramco Says No Plans To Shelve IPO
  • 3 days Trump Passes Iran Nuclear Deal Back to Congress
  • 3 days Texas Shutters More Coal-Fired Plants
  • 3 days Oil Trading Firm Expects Unprecedented U.S. Crude Exports
  • 4 days UK’s FCA Met With Aramco Prior To Proposing Listing Rule Change
  • 4 days Chevron Quits Australian Deepwater Oil Exploration
  • 4 days Europe Braces For End Of Iran Nuclear Deal
  • 4 days Renewable Energy Startup Powering Native American Protest Camp
  • 4 days Husky Energy Set To Restart Pipeline
  • 4 days Russia, Morocco Sign String Of Energy And Military Deals
  • 4 days Norway Looks To Cut Some Of Its Generous Tax Breaks For EVs
  • 4 days China Set To Continue Crude Oil Buying Spree, IEA Says
  • 5 days India Needs Help To Boost Oil Production
  • 5 days Shell Buys One Of Europe’s Largest EV Charging Networks
  • 5 days Oil Throwback: BP Is Bringing Back The Amoco Brand
  • 5 days Libyan Oil Output Covers 25% Of 2017 Budget Needs
  • 5 days District Judge Rules Dakota Access Can Continue Operating
  • 5 days Surprise Oil Inventory Build Shocks Markets
  • 5 days France’s Biggest Listed Bank To Stop Funding Shale, Oil Sands Projects
  • 6 days Syria’s Kurds Aim To Control Oil-Rich Areas
  • 6 days Chinese Teapots Create $5B JV To Compete With State Firms
  • 6 days Oil M&A Deals Set To Rise
  • 6 days South Sudan Tightens Oil Industry Security
  • 6 days Over 1 Million Bpd Remain Offline In Gulf Of Mexico
  • 6 days Turkmenistan To Spend $93-Billion On Oil And Gas Sector
  • 6 days Indian Hydrocarbon Projects Get $300 Billion Boost Over 10 Years
  • 6 days Record U.S. Crude Exports Squeeze North Sea Oil
  • 6 days Iraq Aims To Reopen Kirkuk-Turkey Oil Pipeline Bypassing Kurdistan
  • 6 days Supply Crunch To Lead To Oil Price Spike By 2020s, Expert Says
  • 7 days Saudi Arabia Ups November Oil Exports To 7-Million Bpd
  • 7 days Niger Delta State Looks To Break Free From Oil
  • 7 days Brazilian Conglomerate To Expand Into Renewables
  • 7 days Kurdish Independence Could Spark Civil War
  • 7 days Chevron, Total Waiting In The Wings As Shell Mulls Majnoon Exit
  • 7 days The Capital Of Coal Is Looking For Other Options
Busting The Lithium Bubble Myth

Busting The Lithium Bubble Myth

Lithium demand continues to grow…

Richard Branson To Invest In Elon Musk’s Hyperloop One

Richard Branson To Invest In Elon Musk’s Hyperloop One

Britain’s Virgin Group boss has…

UAE Bypass the Straits of Hormuz with New Oil Pipeline

According to the US Energy Information Administration an average of 17 million barrels a day passed through the Straits of Hormuz during 2011, about 35% of all oil traded by sea.

The UAE relies on the Straits of Hormuz to ship all of its oil, yet since the EU announced a ban on Iranian oil imports to come into effect at the beginning of July, Iranian threats to blockade the straits have increased. To avoid this situation the UEA started to develop a pipeline to pump oil from their fields in the west of the country to the eastern port of Fujairah, which will bypass Hormuz entirely.

The UAE have now announced that the pipeline is complete and on Thursday morning oil started to flow to the Gulf of Oman, at an initial rate of one million barrels per day.

The pipeline has an official capacity of 1.5 million bpd, although sources say that it will carry over 2 million bpd; a sizeable portion of total UAE exports of 2.4 million bpd.

A source directly involved with the project confirmed that, “from 0930 today (Thursday) oil has been received at the main oil terminal in Fujairah and 1m barrels is coming in. We will slowly increase it to 1.5m bpd. The plan is to load the first oil tanker around July 1.”

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage

Leave a comment
  • Augustus on June 25 2012 said:
    At least some of the the 15.5 million barrels per day that this new pipeline will not be transporting around the Strait of Hormuz is Iranian production, so its safety is not the UAE's problem.
  • minimos on June 24 2012 said:
    what about the other 15.5 million bbl? they need to construct 10 more pipeline to REALLY bypass strait of Hormuz!

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News