UAE confirms second pipeline to bypass Strait of Hormuz
- UAE is fast tracking a second pipeline to Fujairah by 2027, doubling its ability to export oil without using the Strait of Hormuz
- Move follows the country’s exit from Opec and supports plans to boost production while adding flexibility to export routes
- Saudi Arabia is also exploring expanded Red Sea export capacity, although its East-West Pipeline is running below its 7m barrels per day limit
Adnoc has confirmed it will double its capacity to export crude oil via a second pipeline bypassing the Strait of Hormuz by next year, as it seeks to reduce reliance on the shipping chokepoint
