The UAE’s state-owned oil firm expects the $400 billion project to restore pre-war export levels by mid-2027 despite ongoing conflict.
Abu Dhabi National Oil Company (ADNOC) announced its Hormuz bypass pipeline is 50% complete, targeting full operation in 2027. The project aims to double export capacity via Fujairah port, bypassing the Strait of Hormuz amid prolonged disruptions.
Over 1 billion barrels of oil have been lost since the strait’s closure, with weekly losses nearing 100 million barrels. Even if conflict ends immediately, ADNOC warns full pre-war flows won’t resume before H1 2027, with an 80% recovery taking at least four months.
The UAE has faced over 3,000 missile and drone attacks on energy infrastructure, delaying operational recovery. Global upstream investment of $400 billion annually barely offsets natural decline rates, adding pressure to supply chains.