Iran War: Searching for Alternatives to the Road of Hormus
Gulf producers are expanding pipelines and terminals as analysts say existing bypasses could lift non-Hormuz capacity toward 13 million barrels a day.
5 Articles
5 Articles
The conflict reveals the weaknesses of the energy market. The Gulf states want to secure their oil empires and are looking for ways to bypass the Strait of Hormus.
The war in Iran has driven countries to look for alternatives to the Strait: so they dust old projects for pipelines and land pipelines and struggle to develop projects for new corridors. But the financial and political costs do not allow many shortcuts
What alternatives do Gulf states have to the Strait of Hormuz?
Two months into the Iran war and the Strait of Hormuz is still mostly shut. Vessel traffic is running at a fraction of pre-war levels, with the patchwork of ceasefires, blockades and re-closures since February 28 not restoring confidence on the bridge of any tanker. Hormuz has long been understood as one of the world’s […] The post What alternatives do Gulf states have to the Strait of Hormuz? appeared first on Interaksyon.
The conflict reveals the weaknesses of the energy market. The Gulf states want to secure their oil empires and are looking for ways to bypass the Strait of Hormus.
Other Pipelines and Projects to Bypass Oil From Hormuz
There are three pipelines operating now to take oil around the Hormuz blockage. The East-West Crude Oil Pipeline (Petroline) in Saudi Arabia, and the UAE’s ADCOP pipeline and the Iraq Kirkuk–Ceyhan (Turkey) Pipeline. The Iraq Turkey pipelin is at an initial ~250k bpd but could ramp over the next month or two to 400k-650k bpd. ...
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