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Global oil inventories decline as Hormuz transit risks persist
Nikkei Asia·IR · OM · AE·2 days ago
TotalEnergies is investing in infrastructure to bypass the Strait of Hormuz, specifically supporting Abu Dhabi's Fujairah export expansion and a proposed Iraq-to-Mediterranean pipeline. This move reflects a strategic shift to mitigate geopolitical risk following recent disruptions in the Persian Gulf, though specific financial terms and timelines remain undisclosed.
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