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FINANCIAL NEWS
UAE completes Hormuz oil pipeline
04 May 2012
(MENAFN) UAE Oil Minister, Mohammed Al Hamli, announced that the country completed constructing the oil pipeline that will bypass the Strait of Hormuz and exports may begin by August, reported Emirates 24/7.
Al Hamli added that at the current time, the pipeline is being tested, and is filled with crude.
Moreover, the pipeline will have an initial operating capacity of 1.4 million barrels per day (bpd), which could be raised later to 1.8 million bpd.
It is worth noting that the strategic oil pipeline connects the Habshan oilfields to the port of Fujairah.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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