A pipeline project involving Baniyas is seeking an alternative oil export route that connects to the Hormuz area.
1 report, 1 independent
Updated Jul 24
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What happened
A pipeline project involving Baniyas is seeking an alternative oil export route that connects to the Hormuz area.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Trump addressed the G20 on September 1st, discussing the viability of Hormuz and the current logistical chain of oil exports from Iraq to Baniyas via trucks and the Kirkuk-Ceyhan pipeline, with Fujairah serving as an alternative route.Sub-event
Pipeline project seeks alternative oil export route connecting Baniyas and Hormuz.1 source
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The entities involved
Related events
- Oil exports are being diverted and utilizing Fujairah port due to blockades in the Strait of Hormuz.
- Pipeline shutdowns, Houthi advances, and strikes near Khasab are causing disruptions in the Hormuz Strait, impacting global oil markets and forcing lower consumption.
- Strait tensions affect India's vital crude oil imports and prompt negotiations for new free trade deals.
- Concerns over Strait of Hormuz security are making oil exports increasingly difficult, prompting planning for a new port.
- Venezuela provides alternative crude oil to India, easing US sanctions in a Washington-Caracas oil pact.
Coverage
Newest first; wire copies grouped- petroleum-economist.comThe stories that matter, 24 July 2026