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December 20, 2011       Share:    

Source: http://www.cbsnews.com/8301-505245_162-57336490/uae-says-oil-pipeline-bypassing-hormuz-almost-done/

UAE Says Oil Pipeline Bypassing Hormuz Straits Almost Finished

(AP-CBS News) The oil minister of the United Arab Emirates says a new crude oil pipeline that will bypass the strategically sensitive Strait of Hormuz near Iran is almost finished. The Abu Dhabi Crude Oil Pipeline project aims to ship crude from the UAE's main oil producing region to the port of Fujairah on the Gulf of Oman.

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