The first shipment of 500,000 barrels of crude oil travelled from Abu Dhabi to Fujairah, Gulf of Oman on 15 July via International Petroleum Investment Company’s new pipeline.
The new 230-mile pipeline can transport 1.5 million barrels per day of crude oil from the UAE’s western desert to Fujairah.
Senior officials from major oil firms including Shell, Total and ExxonMobil turned out for the opening ceremony. This inaugural shipment is destined for the Pak Arab Refinery in Pakistan.
The pipeline is part of International Petroleum Investment Company’s new $4.2 billion (€5 billion) oil export terminal, which features eight 1-million-barrel oil storage tanks.
The company shipped its first batch from the export terminal on the eastern seaboard of the UAE as threats from Iran to close the Straits of Hormuz – 70 nautical miles away – became more prominent over the weekend.