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Habshan–Fujairah oil pipeline, also known as "Abu Dhabi Crude Oil Pipeline (ADCOP)", is an oil pipeline in the United Arab Emirates. It starts from the Habshan onshore field in Abu Dhabi and runs to Fujairah on the Gulf of Oman .
The project for an oil pipeline from the Red Sea to the Mediterranean commenced after the extended closure of the Suez Canal following the Six-Day War in June 1967. [2] Establishment of the pipeline company was agreed in 1973 between five Arab governments. [3] The Sumed pipeline was opened in 1977. [4] [5]
The offshore pipeline from Ras Laffan to Taweelah in the UAE (export pipeline) was designed by Saipem, an Italian contractor for the oil and gas industry, and the pipes were supplied by Mitsui of Japan. The 48-inch (1,200 mm) pipeline has capacity of 90.6 billion cubic metres (3.20 trillion cubic feet) of natural gas per year. [3]
However, in 2008, some experts believed that Saudi oil production had already peaked or would do so in the near future. [15] In April 2015, the Saudi oil minister Ali Al-Naimi said that Saudi Arabia produced 12 million barrels per day in March that year, which was the highest figure based on records since the early 1980s. The previous peak was ...
Saudi Arabia has consistently been in need of weapons, reinforcement, and arms due to the consistent rising tensions throughout the Middle East during the late 20th century and early 21st century. Post 2016, the United States of America has continued to trade with Saudi Arabia, mainly for their oil related goods.
Saudi offset request is that 35% of their contract value is invested in Saudi jobs creation and training, economic diversification, technology transfer and foreign direct investments in general. Threshold is 400 million Saudi Reals (US$107 million). UK and France have established bilateral offset program with Saudi Arabia.
Saudi Arabia also abides by international treaties, which are approved by royal decree. One such example is Royal Decree No.11, dated 16 Rajab 1414, corresponding to 30 December 1993, which declared Saudi Arabia's ascension to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards. [10]
Transport in Saudi Arabia is facilitated through a relatively young system of roads, railways and seaways.Most of the network started construction after the discovery of oil in the Eastern Province in 1952, with the notable exception of Highway 40, which was built to connect the capital Riyadh to the economically productive Eastern Province, and later to the Islamic holy city of Mecca and the ...