UAE says new pipeline that will bypass Strait of Hormuz is nearly 50% complete
- Posted on May 20, 2026
- By CNBC
- 0 Views
- 1 min read
UAE says new pipeline that will bypass Strait of Hormuz is nearly 50% complete
The UAE has redirected some oil exports through an existing pipeline to Fujairah, which has a maximum capacity of 1.8 million barrels per day.
