UAE to export oil around Hormuz
Monday, January 9, 2012
An announcement in the United Arab Emirates says the country is to have a pipeline before July for exporting its oil around the Strait of Hormuz.
The daily capacity will be a million and a half barrels. The cost of the project is $3.2bn.
Iran had threatened to respond to a Western oil embargo against it by closing the Strait of Hormuz.
(Lenta.ru),VOR.
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Laaska News.
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