Abu Dhabi's Habshan-Fujairah Crude Pipeline to be Operational by September this Year

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Researched by Industrial Info Resources India (Delhi, India)--International Petroleum Investment Company (IPIC), a $10 billion investment firm run by the government of Abu Dhabi that manages energy investments globally, is set to begin its oil supply via the Abu Dhabi Crude Oil Pipeline (ADCOP) project by September this year.

Originating from the Habshan field in Abu Dhabi, the 370-kilometer oil export pipeline, which has a diameter of 48 inches, will supply 1.5 million barrels of oil per day to Fujairah. The pipeline project also comprises offshore loading facilities, a main pump station at Habshan, an intermediate pump station at Sweihan and a main oil terminal.

This ambitious project aims to reduce ongoing shipping congestion through the Strait of Hormuz. As Abu Dhabi alone pumps 95% of the total crude of the United Arab Emirates (UAE), overall export capability on the eastern coast will be strengthened following this project. UAE is the third-largest oil producer in the Persian Gulf, after Saudi Arabia and Iran.

Construction on the ADCOP pipeline project began in the first quarter of 2008, but was delayed due to design changes and the incorporation of additional oil-metering facilities. The pipeline is scheduled to be completed by September 2011.

IPIC was formed by the Abu Dhabi government in 1984 to focus on investing in the energy sector globally. At present, IPIC's investment portfolio consists of stakes in 14 leading energy companies.

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