The United Arab Emirates is planning its first multi-fuel pipeline to allow exports of gasoline, diesel and jet fuel to continue even when the Strait of Hormuz is impassable.
Abu Dhabi National Oil Company is considering building a refined oil products pipeline that bypasses the strait, the company’s executive vice-president for trading Philippe Khoury said on Tuesday.
Transit through the strait, a crucial trade route, has been severely restricted since the Iran war began three months ago, leaving Middle East oil producers looking for ways to build infrastructure that reduces Tehran’s control over their exports.
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