The UAE is fast-tracking a second parallel oil pipeline to nearly double its crude export capacity to 4 million barrels per day by 2027, enhancing energy security by reducing reliance on the strategically vulnerable Strait of Hormuz and ensuring continued oil flow to energy-hungry economies like India even during potential disruptions.
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Strait Of Hormuz Tensions | UAE Fast-Tracks Second Oil Pipeline To Boost Exports #straitofhormuzAdded:
Hormuz is blocked and much of the world, including India, is feeling the shock.
One of the world's most critical oil arteries is disrupted [music] with ships no longer moving freely.
For India, heavily dependent on Gulf energy, that is a serious risk. But amid all this, >> [music] >> the UAE is quietly building another oil pipeline, one that could nearly double its ability to bypass the perilous waters of [music] Hormuz.
In 2012, Abu Dhabi built the Habshan-Fujairah pipeline, a 380 km corridor designed to bypass the strait entirely. Today, it moves nearly 1.8 million [music] barrels of crude oil every day directly to Fujairah on the Gulf of Oman.
But now the [music] UAE wants to go further. A second parallel pipeline is being fast-tracked, potentially raising Fujairah's export [music] capacity to 4 million barrels per day by 2027.
Meaning, >> [music] >> even if tomorrow looks like today, oil can still flow, including to energy-hungry economies like India.
[music]
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