UAE Says Its Pipeline To Bypass The Strait Of Hormuz Is Almost Halfway Done

Source: International Business Times

The UAE has sped up the construction of a second pipeline bypassing the Strait of Hormuz. The UAE said the pipeline it's building to bypass the Strait of Hormuz is almost halfway complete after accelerating construction while the key waterway remains closed as a result of the war in Iran. Sultan Ahmed Al Jaber, CEO of Abu Dhabi National Oil Company, or ADNOC, announced the development in an interview with the Atlantic Council, saying "right now, too much of the world's energy still moves through too few chokepoints.