The United Arab Emirates is considering building an additional pipeline for refined products that would bypass the Strait of Hormuz and carry fuels to the country’s east coast.
Abu Dhabi National Oil Co., which is already building a crude pipeline to double the capacity of oil it can pump to the port of Fujairah on the UAE’s eastern coast, may “potentially” build an oil products conduit, Philippe Khoury, executive vice president for sales & trading, said at S&P Global’s Middle East Petroleum & Gas Conference in London.