Gulf Governments Plan Oil Pipelines - AP

[Eugene]

Gulf Governments Plan Oil Pipelines


Tuesday March 20, 2007 8:01 AM

By JAMES CALDERWOOD

Associated Press Writer

DUBAI, United Arab Emirates (AP) - Gulf governments are planning oil
pipelines that would bypass the world's most vulnerable energy choke
point, the Strait of Hormuz, aiming to avoid possible Iranian threats
to global oil shipments.

If built, two pipelines could ferry as much as 6.5 million barrels of
oil a day around the strait, an amount equal to nearly 40 percent
of the daily exports currently shipped through the narrow channel
at the entrance of the Gulf.

Construction of the first, smaller line is forecast to begin this year,
the Dubai branch of Britain's Standard Chartered Bank reported this
week.

A second, more ambitious line carrying some 5 million barrels a day
is still under discussion and could take a decade to build.

-snip-

Full article: http://www.guardian.co.uk/worldlatest/story/0,,-6494018,00.html