Business & Finance
Oil’s Hormuz Alternatives Offer Only a Partial Fix
Key Points
Oil transfer pipes and storage silos which form part of the Abu Dhabi Crude Oil Pipeline, known as Adcop, are seen on the day of pipeline's inauguration at Fujairah port in Fujairah, United Arab Emirates, on Sunday, July 15, 2012. Abu Dhabi is exporting its first cargo of oil today from a pipeline that bypasses the Strait of Hormuz, shipping the crude to a refinery in Pakistan, the head of the emirate's International Petroleum Investment Co. Said. Photographer: Bloomberg/Bloomberg
Oil transfer pipes and storage silos which form part of the Abu Dhabi Crude Oil Pipeline, known as Adcop, are seen on the day of pipeline's inauguration at Fujairah port in Fujairah, United Arab Emirates, on Sunday, July 15, 2012. Abu Dhabi is exporting its first cargo of oil today from a pipeline that bypasses the Strait of Hormuz, shipping the crude to a refinery in Pakistan, the head of the emirate's International Petroleum Investment Co. Said. Photographer: Bloomberg/Bloomberg