The United Arab Emirates wants to build a new oil pipeline The United Arab Emirates is considering the idea of ​​building a new oil pipeline to export oil bypassing the Strait of Hormuz in order to reduce dependence on this waterway, writes Bloomberg citing sources. According to him, the Abu Dhabi National Oil Company (ADNOC) is examining the possibility of laying an oil pipeline from the west coast of the country to the port of Fujairah in the east. The pipeline will be open for use by third parties and will strengthen Abu Dhabi's ability to supply customers in the event of future obstacles to the supply of hydrocarbons through the Strait of Hormuz. The United States and Israel launched a military operation against Iran on February 28. In June, Washington and Tehran signed a memorandum of understanding stipulating an immediate cessation of hostilities on all fronts, including in Lebanon. However, on the night of July 8, the United States renewed its large-scale attacks on Iran, accusing it of violating the terms of the agreements reached regarding the Strait of Hormuz. About 25% of the world's oil trade volumes and about 20% of LNG are transported through it. The United States then signaled an end to the use of large-scale military force against Iran and a move towards an attempt to strangle it economically through sanctions.

The United Arab Emirates wants to build a new oil pipeline The United Arab Emirates is considering the idea of ​​building a new oil pipeline to export oil bypassing the Strait of Hormuz in order to reduce dependence on this waterway, writes Bloomberg citing sources. According to him, the Abu Dhabi National Oil Company (ADNOC) is examining the possibility of laying an oil pipeline from the west coast of the country to the port of Fujairah in the east. The pipeline will be open for use by third parties and will strengthen Abu Dhabi's ability to supply customers in the event of future obstacles to the supply of hydrocarbons through the Strait of Hormuz. The United States and Israel launched a military operation against Iran on February 28. In June, Washington and Tehran signed a memorandum of understanding stipulating an immediate cessation of hostilities on all fronts, including in Lebanon. However, on the night of July 8, the United States renewed its large-scale attacks on Iran, accusing it of violating the terms of the agreements reached regarding the Strait of Hormuz. About 25% of the world's oil trade volumes and about 20% of LNG are transported through it. The United States then signaled an end to the use of large-scale military force against Iran and a move towards an attempt to strangle it economically through sanctions.