Two stories caught my eye today. Here are the excerpts:
Iraq, Syria agree to build three oil and gas pipelines
Iraq and Syria plan to build as many as three new cross-border pipelines for oil and natural gas, providing the Iraqi government with new and potentially useful options for marketing its most valuable commodities.
Officials from the two countries' oil ministries "recently" signed a memorandum of understanding to build two oil pipelines and Iraq's first international gas pipeline, Senior Deputy Oil Minister for Upstream operations Abdul Karim Al Luaybi said in an interview in Baghdad yesterday. The pipelines would originate at oil fields near Kirkuk in northern Iraq and terminate at Syria's port of Banias on the Mediterranean Sea...
http://gulfnews.com/business/oil-gas/iraq-syria-agree-to-build-three-oil-and-gas-pipelines-1.683272and this
Abu Dhabi funds Fujairah port to bypass Hormuz
Plan provides an alternative route since Iran has threatened to block the strait if attacked because of its nuclear programme
Abu Dhabi is turning to more distant Fujairah to ensure safe, quick passage for its oil exports and improve the nation's food security.
The fourth-largest crude producer in the Organisation of Petroleum Exporting Countries is funding infrastructure projects in the easternmost emirate, Fujairah, to gain direct access to the Indian Ocean.
Abu Dhabi is investing in an oil-storage terminal and a $3.3 billion (Dh12.1 billion) pipeline and is building the country's biggest power and water treatment plants as well as a facility to store imported grain.
Iranian threat
The UAE's largest emirate is banking on Fujairah's location to bypass the Strait of Hormuz, a chokepoint at the mouth of the Gulf through which a fifth of the world's oil supplies move.
Iran has threatened to block the waterway if attacked because of its nuclear programme. In July, a Japanese tanker was bombed in the strait, heightening concern that energy supplies from the Gulf are insecure.
"Abu Dhabi is thinking long term and strategically," said Mustafa Al Ani, a regional security expert from the Gulf Research Centre, a Dubai-based institution...
http://gulfnews.com/business/oil-gas/abu-dhabi-funds-fujairah-port-to-bypass-hormuz-1.683227Not usually an alarmist on this issues, but these moves are quite real.