UAE Accelerates New Oil Pipeline to Bypass Strait of Hormuz as Energy Security Risks Intensify
The United Arab Emirates is rapidly advancing construction of a second crude oil pipeline designed to bypass the strategically vital Strait of Hormuz, with the project now nearly 50% complete, according to the chief executive of Abu Dhabi National Oil Company (ADNOC).
Speaking during an interview at the Atlantic Council on Wednesday, ADNOC CEO Sultan Ahmed Al Jaber warned that global energy markets remain heavily dependent on a limited number of maritime chokepoints.
