Officials said the UAE Energy Ministry has been accelerating a project
to build a pipeline that would transport 1.5 million barrels of crude oil
per day while bypassing Iran, Middle East Newsline reported.
They said the $3.3 billion project was meant to
reduce or
end the need for oil to be shipped by tankers through the Iranian-dominated
Strait of Hormuz.
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"The project will be completed within a few months," a senior official
said.
UAE Energy Minister Mohammed Al Hameli said the pipeline, which would
reach the southern port of Fujairah, could be completed by 2011. He said
from Fujairah, tankers would transport UAE oil to the Indian Ocean.
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