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The Nexus
BUSINESSMay 15 · 09:19 UTCCNBC TOP

UAE fast tracks second West-East oil pipeline to bypass Strait of Hormuz

The UAE is accelerating a second West-East oil pipeline to bypass the Strait of Hormuz due to limited energy supplies. This project aims to alleviate global energy pressure. The pipeline's construction is a response to severely limited flows through the Strait of Hormuz.

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