UAE can still export its oil, if Iran closes Hormuz

January 26, 2012 ⋅ 10:32 pm ⋅ Post a comment

Filed Under Hormuz, Iran, oil, UAE

The United Arab Emirates (UAE) will be able to use ports on the Gulf of Oman for oil exports if Iran closes the Strait of Hormuz, transit point for about a fifth of the global oil supply, Dahi Khalfan Tamim, Chief of Dubai Police, said in an interview with Bahrain TV last night.

A strategic pipeline for UAE’s oil exports to bypass the Strait of Hormuz could face more delay due to differences with the Chinese construction company, industry sources said.

The pipeline will have a capacity of around 1.5 million barrels per day (bpd) and give the UAE an alternative route to exporting oil via the strait, which Iran has threatened to block over western sanctions on its oil exports.

The 370-kilometre Abu Dhabi Crude Oil Pipeline has been delayed, with Minister of Energy Mohammad Bin Dha’en Al Hameli this month pushing back the start of operations to May or June.

Gulf News

Discussion

6 comments for “UAE can still export its oil, if Iran closes Hormuz”

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Anonymous

geeez never knew we had an oil pipeline in tripoli?

Anonymous

Like the electricity, Antar, they are debating it … takes a lot of dialogue over many decades to even produce enough hot air to get it on a map in a blog site.

Anonymous

mind you… there were some rumours 7 yrs ago that some gas spots have been found in the sea near al mina in tripoli…..so there is hope…..even as you say slowly realised…but there is hope.

be optemistic mate.
Anonymous

Optimism is becoming a very rare commodity, Antar.

Anonymous

My understanding was that Tripoli terminal was serviced by an Iraqi pipeline?
Re Lebanese oil & gas, are you familiar with the depth at which this is found or the volumes? Engineers have known about it for decades, even at the height of the 73-74′ crisis it was not economically viable, however oil prices today are actually higher than their real value equivalents of 73-74′. After Gulf of mexico disaster I don’t think I would want to risk jeopardising other industries esp tourism just to make small (likely to to be siphoned) oil&gas profit.Gulf of Mexico crisis was because of poor oversight and poor Engineering. Where else is their poor oversight and poor engineering?”al Bahar al abyad” is far from “adbyad” today, however if we start drilling “bahar al aswad” is already taken, what will the Mediterranean be reamed?

Anonymous

you are probably right…considering the risk, it is not worth it…but i would think that if tripoli had this gas and recently the south had some off shore…then there must be other areas off shore in lebanon too…so little bit here and there makes it big, no?

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