The Abu Dhabi Crude Oil Project was reported as recently as 25 September 2010 to be gushing black gold into Fujairah bunkers by the end of 2010.
Reuters has now been told by ‘sources close to the project’ who ‘did not want to be named’ that the pipeline has a snowflake’s chance in hell (or words to that effect) of being finished in 2010 and that the second or even the third quarter of 2011 was a more realistic date.
Reasons for the Slow Down
The delay of the 370 km pipeline is due to design changes, the need to incorporate additional oil metering facilities and because the technology is new, it is taking longer to effectively operate the whole shebang.
There is no word about whether or not there were lateness penalties to pay.
Abu Dhabi to Fujairah Pipeline to Be Finished End of 2010, FIF, 25 September 2010.
Abu Dhabi Banks on Fujairah Amid Threats from Iran, FIF, 16 September 2010.
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Image: The delay of the 370 km pipeline is due to design changes…