Oil pipeline bypassing the Strait of Hormuz built
The United Arab Emirates on Sunday inaugurated a much-anticipated overland oil pipeline that bypasses the Strait of Hormuz, giving the OPEC member insurance against Iranian threats to block the strategic waterway, the AP reports.
The 380-kilometer (236-mile) Abu Dhabi Crude Oil Pipeline snakes across western desert dunes and over the craggy Hajar mountains to the city of Fujairah on the UAE's Indian Ocean coast, south of the strait.
The sides discussed a range of issues concerning Armenian-Iranian energy cooperation. They underlined the importance of joint projects, in particular the project on construction of the 3rd high-voltage transmission line between Armenia and Iran and financial issues related to the project were considered.