Emirates readies oil export detour to avoid Hormuz - 13 WTHR Indianapolis

Emirates readies oil export detour to avoid Hormuz

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FUJAIRAH -

Tensions in the Middle East involving Iran, the West and some of Tehran's neighbors has prompted one major oil region to seek alternative routes for its product.

The United Arab Emirates is nearing completion of a pipeline through the mountainous sheikdom that will allow it to reroute the bulk of its oil exports around the Strait of Hormuz at the mouth of the Gulf, the path for a fifth of the world's oil supply.

Iran has repeatedly threatened to close the strategically sensitive waterway.

Only the UAE and Oman have coastlines on the Indian Ocean side of the strait that would enable them to go around the chokepoint by land.

The project is immensely important for the UAE, an important American ally. The seven state federation is OPEC's third largest exporter of oil, after neighboring Saudi Arabia and Iran.

(Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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