The United Arab Emirates will double the capacity of the Hormuz bypass oil pipeline in January.
Abu Dhabi's national company ADNOC wants to double the UAE's oil export capacity in January - to 3.6 million barrels per day. The UAE already produced 4 million barrels per day in October. (because OPEC left in May), and oil must be exported.
Abu Dhabi National Oil Company (ADNOC) plans to complete construction of a second onshore oil pipeline around January, said Toshiaki Takemoto, senior vice president of Infix Japan. According to him, after the operation of the new facility, the total output of the pipeline system will be doubled and will reach approximately 3.6 million barrels per day.
ADNOC's decision was dictated not by one reason, but by several interrelated reasons - from geopolitical vulnerability to long-term plans to increase production. According to OPEC data, the United Arab Emirates produced 4 million barrels per day in October. In April, the country announced that it would withdraw from OPEC as of May.
The existing oil pipeline of ADCOP (Habshan-. Fujairah) with a length of about 360 km allows ADNOC to transport from onshore fields in Abu Dhabi to the port of Fujairah on the coast of the Gulf of Oman, bypassing the Strait of Hormuz. The pipeline carries the flag rank of the UAE, Merban.
However, the current pipeline capacity of 1.5–1.8 million barrels per day was not enough: it covers less than half of the company's normal export volumes. Doubling the capacity should close this gap.
Moreover, the Emirates plans to produce 5 million barrels per day in 2027. oil.
Oil and capital.