Energy, Oil & Gas

ADNOC's second oil pipeline to bypass Hormuz 50% complete

The Abu Dhabi National Oil Company (ADNOC) is accelerating construction of a second crude export pipeline designed to bypass the strategically sensitive Strait of Hormuz, with the project now 50% complete and targeted for delivery in 2027, according to Dr Sultan bin Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO....

Energy, Oil & Gas

UAE fast-tracks new oil pipeline, set to double export capacity via Fujairah

The UAE is accelerating construction of a major new oil pipeline that will double ADNOC’s crude export capacity through the emirate of Fujairah, strengthening the country’s ability to ship oil to global markets without relying on the strategically vital but increasingly vulnerable Strait of Hormuz....

Energy, Oil & Gas

Kuwait mulls $7bn pipeline stake sale, says report

Kuwait Petroleum Corporation (KPC) is set to ​launch an oil pipeline network stake sale as soon as February in a deal that could raise up to $7 billion, said a report. The shift comes as oil prices, down more than 25% in two years, sit below levels needed to fund the Gulf’s diversification plans. ...