First Abu Dhabi oil to load via pipeline to Fujairah January 2011
Source: BI-ME , Author: BI-ME staff
Posted: Tue May 19, 2009 9:14 am

UAE. The first cargo of Abu Dhabi crude oil to be exported directly from the port of Fujairah, bypassing the Strait of Hormuz, will load in January 2011, project director for the Abu Dhabi Crude Oil Pipeline Project, Dieter Blauberg, said recently.

The pipeline, originating in Habshan in the UAE Emirate of Abu Dhabi, is designed to carry 1.5 million bpd of crude oil to Fujairah, another of the seven Emirates.

"The first tanker will load in January 2011," Blauberg told the Middle East Oil and Gas Pipelines Conference in Abu Dhabi. The project is due to be completed in August 2011.

Blauberg said the project, which was launched by the Abu Dhabi government's International Petroleum Investment Co (IPIC), is designed to offset reliance on oil terminals in the Persian Gulf, he said.

It will also help to reduce congestion through the Strait of Hormuz, Blauberg said, adding that Fujairah offered an advantage in that it could accommodate larger vessels. The new export route would also result in lower insurance costs, he said.

The pipeline project has strategic value in that it would allow OPEC member the UAE to bypass the Strait of Hormuz and ship 60% of its crude oil directly through the Arabian Sea.

The 404 kilometre pipeline would allow Abu Dhabi "to develop a reliable export capacity on the eastern seabord of the UAE, which can accommodate larger vessels due to the relatively deep waters off Fujairah," Blauberg said.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 20, 2018
UAE. Burglars can't steal your property if they can't break into your house. Here are some extra precautions you should take before leaving for your holidays.
date:Posted: July 19, 2018
UAE. The technologies most valuable to national defence are those that maximise the nation's freedom to develop and use its military capability as it sees fit.
date:Posted: July 18, 2018
UAE. Predictive deep learning technology looks for suspicious attributes of malicious code and learns as it goes to provide constantly evolving protection for servers - even if systems are unpatched.
dhgate