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.
The 423km link was built by International Petroleum Investment Co. (IPIC) at a total cost of $4.2bn, Managing Director of Abu Dhabi-run IPIC fun Khadem Al-Qubaisi said at the ceremony in Fujairah.
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