Adnoc CEO states 50% of new pipeline built, recovery through Hormuz will take months

Summary

Adnoc CEO Sultan al-Jaber reports that 50% of a new pipeline is completed. He estimates that even with an end to the Mideast conflict, it will take at least four months to restore 80% of pre-conflict energy trade flows through the Strait of Hormuz.

Recent Coverage

• Adnoc Chief Says New Pipe 50% Built, Long Hormuz Recovery Ahead

  Energy Intel • May 20