the Abu Dhabi Crude Oil Pipeline
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Oil’s Hormuz Alternatives Offer Only a Partial Fix
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
Iraq and UAE race to establish alternative oil pipelines as exports through Hormuz dry up
Iraq and the United Arab Emirates are fast-tracking plans to expand oil pipelines to replace the capacity lost by the closure of the Strait of Hormuz, as new data reveals their stark dependency on the Persian Gulf. Last week, the Iraqi cabinet approved plans to accelerate crude exports through the Kurdistan-Turkey pipeline network, which would more than triple its existing shipments from 220,000 barrels per day to 770,000. The route offers an alternative passage through Kurdistan to Turkey's...