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Location : Fujairah, UAE
Details : Abu Dhabi, the UAE's largest oil producingemirate will have a direct access to the Indian Ocean for its oil exports and the option of bypassing the critical Strait of Hormuz when it becomes a game changer in crude oil transportation for the commissioning of the Dh 12.11 billion ($3.3-billion) Habshan-Fujairah oil pipeline this year.
The new pipeline mitigates the continuing problem of shipping crude and clean products through the Hormuz Strait, especially as the political situation vis-a-vis Iran and the rest of the world is likely to deteriorate. It will lead to the promised and often delayed expansion of Fujairah port facilities and refining capacity.
The Strait of Hormuz handles 40 per cent of the...