UAE Doubles Oil Export Capacity

The United Arab Emirates is set to double its crude oil export capacity bypassing the Strait of Hormuz by next year, with Abu Dhabi National Oil Company accelerating the construction of a pipeline to the port of United Arab Emirates — Fujairah. This strategic move aims to reduce the United Arab Emirates' dependence on the Strait of Hormuz, a critical shipping chokepoint that Iran has largely shut down since the war began in late February, causing significant disruption to global oil and gas supplies. The existing pipeline has been a lifeline for the United Arab Emirates, allowing it to continue supplying markets despite the Iranian blockade. This expansion also aligns with the United Arab Emirates' decision to exit the OPEC, freeing it from production limits and enabling it to increase output to meet market demands. While the United Arab Emirates — Fujairah pipeline itself has not been targeted, infrastructure at both ends, including the port of United Arab Emirates — Fujairah, has sustained damage from Iranian attacks.