Iraq, UAE race to replace Hormuz oil capacity as Gulf chokepoint risks grow

BOL Network

Iraq, UAE race to replace Hormuz oil capacity as Gulf chokepoint risks grow

BAGHDAD: Iraq and the United Arab Emirates are fast-tracking plans to expand oil pipelines to offset capacity lost from the closure of the Strait of Hormuz, as new data reveals their heavy reliance on the Persian Gulf transit route. The Iraqi cabinet last week approved plans to accelerate crude exports through the Kurdistan-Turkey pipeline network, ... Read more The post Iraq, UAE race to replace Hormuz oil capacity as Gulf chokepoint risks grow appeared first on BOL News .

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