Adnoc plans oil products pipeline to bypass hormuz - FT
- The UAE is developing its first multi-fuel pipeline to allow gasoline, diesel, and jet fuel exports to continue even when the Strait of Hormuz is impassable.
- The Abu Dhabi National Oil Company plans to create a refined oil products pipeline that will circumvent the strait, according to Philippe Khoury, the company's executive vice-president for trading.
- Transit across the strait, a vital trade route, has been severely curtailed since the Iran war began three months ago, leaving Middle Eastern oil companies looking for methods to develop infrastructure that limits Tehran's control over their shipments.
- Khoury noted that state-owned Adnoc spends "a lot of time seeing how we can reinforce our channels of supply and our systems to ensure that if the crisis continues longer, as we think it might, we still have the ability to supply our customers in an efficient and competitive manner".