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TotalEnergies backs oil pipeline projects to bypass the Strait of Hormuz
The company said Abu Dhabi’s Fujairah bypass route could be roughly doubled in capacity by next year, while an Iraq-Syria line for Mediterranean exports is estimated to take at least four years.
TotalEnergies will invest in two oil pipeline projects aimed at reducing dependence on the Strait of Hormuz, the outlet OilPrice reports. The plan includes support for Abu Dhabi’s expansion of its Fujairah export route and a separate pipeline concept designed to carry Iraqi crude through Syria to the Mediterranean.
OilPrice notes that TotalEnergies CEO Patrick Pouyanné announced the commitments at the ONS energy conference in Norway. The decision comes about two months after he said alternative Gulf export routes had become an absolute priority for the company following the paralysis of Hormuz during the Iran war.
The UAE’s existing Habshan-Fujairah pipeline can move up to 1.8 million barrels per day from Abu Dhabi’s oil fields to the Gulf of Oman, allowing exports to reach international markets without transiting Hormuz. Abu Dhabi plans to roughly double that bypass capacity by next year, according to OilPrice.
For Iraq, OilPrice says TotalEnergies is backing an Iraq-Syria pipeline proposal to give Baghdad a Mediterranean export route for crude that currently leaves largely through southern Persian Gulf terminals. The project is estimated to cost around $15 billion and take at least four years to complete, based on recent estimates cited by OilPrice.
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