01/09/2026 by Mark
The chief executive officer of TotalEnergies has announced the intention to invest in two new pipelines to bypass the problematic Strait of Hormuz.
Patrick Pouyanné made the announcement in Stavanger, Norway, at the ONS energy conference. He said TotalEnergies, which makes the Total coolant and metalworking products, will invest in a new pipeline from Iraq to the Mediterranean:
“…but I will also invest in Abu Dhabi, in doubling the Fujairah pipeline…We are today probably the largest trader of oil from Iraq or from Qatar…and it’s clear to me that I need to put a certain amount of equity to invest in an alternative route.”
The first pipeline will transport crude from Iraq through Syria to the Mediterranean Sea. This will allow the country to divert crude oil from its southern terminals and more easily access European and North African markets. This is expected to take around four years to complete at an estimated cost of $15 billion.
The second project will complement the UAE’s existing Habshan–Fujairah pipeline, which has a current capacity of 1.8 million barrels per day. This takes crude oil from the oil fields of Abu Dhabi to the Gulf of Oman, bypassing the Strait of Hormuz. The UAE plans to double the capacity of this by next year. TotalEnergies did not disclose the interests it expects to hold in the two projects or the sums it will be investing. The move reflects a wider strategic push by large energy companies to reinforce supply chains.
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