The United Arab Emirates yesterday inaugurated a pipeline to pump oil from east coast terminals, bypassing the strategic Strait of Hormuz which Iran has threatened to shut down, state-run WAM news agency reported.
The first shipment of 500,000 barrels of oil from the Habshan fields in Abu Dhabi were pumped through the pipeline to Fujairah oil terminal on the Gulf of Oman, where it was loaded on a tanker headed for Pakistan.
Energy Minister Mohammad bin Dhaen Al Hameli attended a ceremony in Fujairah for the launch.
copyright © 2012 All Rights Reserved Source: http://www.albawaba.com/business/uae-iran-hormuz-434113
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