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The UAE oil pipeline to bypass the Strait of Hormuz will start operating in June

2012-01-10 12:32

Oil pipeline, constructed by the UAE and designed to transport oil to bypass the Strait of Hormuz, will be operational in June, France-Presse reported on Monday with reference to the country's Minister of Energy Mohammed Bin Daina al-Hamili

"It will be commissioned within six months - in May or June", the minister said.

This pipeline is supposed to transport oil produced in the UAE to the oil terminals, located at the coast of the Gulf of Oman.

Recently, Iran conducted naval exercises "Velayyat-90" ("Supremacy-90"), which ended with a test of long-range missiles and tensions at the international arena. The exercises were held from December 24 to January 2. The maneuvers area amounted about 2 million square kilometers in international waters - from the Straits of Hormuz to the Gulf of Oman.

The aggravation of the situation around the exercises took place after the statement by the Iranian authorities about the possible overlap of the Strait of Hormuz - a major sea route for oil and gas exports from the Persian Gulf. In mid-December, a member of the Iranian parliamentary commission on national security Parviz Sarwari said that during the exercises in the Strait of Hormuz they will be work out the acts of its closure. This statement caused the rising cost of oil at the world markets. But then the press secretary of the Iranian Foreign Ministry Ramin Mehmanparast said that Tehran would not close the Strait during the exercise.

December 27, First Vice President Mohammad Reza Rahimi warned that Iran is going to close the strait if the West will impose sanctions on oil exports from the Islamic Republic.

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