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World
Abu Dhabi begins exporting oil to Pakistan via pipeline
Dated: 2012-07-17
ABU DHABI: The emirate of Abu Dhabi has shipped fuel to a refinery in Pakistan, marking the official inauguration of the pipeline that bypasses the Strait of Hormuz, Bloomberg has reported.
The Habshan-Fujairah pipeline was loading the first shipment of 500,000 barrels to the Pakistani plant, said UAE oil minister, Mohamed Bin Dhaen Al-Hamli, at a ceremony to inaugurate the network.
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The Habshan-Fujairah pipeline was loading the first shipment of 500,000 barrels to the Pakistani plant, said UAE oil minister, Mohamed Bin Dhaen Al-Hamli, at a ceremony to inaugurate the network.
The 423km link was built by International Petroleum Investment Co (IPIC) at a total cost of $4.2bn, Khadem Al-Qubaisi, managing director of the Abu Dhabi-run IPIC fund, said at the ceremony in Fujairah.
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