(Il Sole 24 Ore Radiocor) - Milano, 15 mag - The United Arab Emirates will complete a new oil pipeline bypassing the Strait of Hormuz by next year, the Guardian reported, citing the Gulf Kingdom.

Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Abu Dhabi's crown prince, has directed the UAE state oil company to fast-track the previously undisclosed project so that the pipeline can begin carrying oil from the emirates to the port of Fujairah by 2027, the Guardian said.

The new pipeline is expected to double the UAE's export capacity of 1.8 million barrels a day via the existing.

pipeline.

(RADIOCOR) 15-05-26 14:51:59 (0400) 5 NNNN