The UAE intends to launch an oil pipeline bypassing the Strait of Hormuz in 2027.

The UAE plans to accelerate the construction of a pipeline bypassing the Strait of Hormuz to increase its oil export capacity. This was reported by Bloomberg on May 15.

"By next year [2027], the United Arab Emirates will double its capacity to export crude oil bypassing the Strait of Hormuz, seeking to reduce dependence on this narrow sea route, the closure of which as a result of the war with Iran has turned world markets upside down," the article says.

Abu Dhabi National Oil Co is building a new oil pipeline to the port of Fujairah on the coast of the Gulf of Oman to increase oil supplies bypassing the Strait of Hormuz, the article notes. At the same time, the UAE already has another pipeline with a capacity of 1.5 million barrels per day, which has been operating for more than 10 years and is also used to export oil from fields to the east coast of the country.

The news is being updated