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Gulf Nations Invest Billions in New Oil Pipeline Projects
Gulf nations are investing billions in new oil pipeline projects to bypass the Strait of Hormuz. These initiatives aim to secure oil exports and reduce reliance on vulnerable waterways. Major pipeline constructions are underway, addressing the need for diversification amid rising geopolitical tensions. However, these alternative routes come with their own set of risks and costs.
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"When it comes to oil, the Gulf is thinking outside the box!"
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File ID: #268264Original Source: Times Of India β
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