Reuters — The United Arab Emirates will accelerate construction of a new oil pipeline to double its export capacity through Fujairah by 2027, the government’s Abu Dhabi Media Office said on Friday, vastly expanding its ability to bypass the Strait of Hormuz.

Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed directed the Abu Dhabi National Oil Company (ADNOC) to fast-track the West-East Pipeline project during an executive committee meeting, ADMO said, adding the pipeline is under construction and expected to start operating in 2027.

Iran has effectively shut the Strait of Hormuz since the country was attacked by the US and Israel on February 28, choking off about a fifth of global oil supplies. Energy prices have surged due to the disruption, prompting fuel rationing in some countries and fears of an economic downturn as inflation builds.

ADMO did not disclose the original timeline for the project.

The UAE’s existing Abu Dhabi Crude Oil Pipeline (ADCOP), also known as the Habshan-Fujairah pipeline, can carry up to 1.8 million barrels per day, and has proved crucial as the country seeks to maximise exports from the Gulf of Oman coast.

The UAE and Saudi Arabia are the only Gulf producers with pipelines that export crude outside the strait. Oman has a long coastline on the Gulf of Oman, while Kuwait,........

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