International consultants are understood to have responded to an inquiry on 15 April for the contract to draw up studies into a proposed GCC crude oil export pipeline. The proposed pipeline, which would run from the northern Gulf to a termination point located either in Oman or the Red Sea coast of Saudi Arabia, would significantly reduce the region's dependence on tankers sailing through the Straits of Hormuz as the primary means of exporting oil.
The terms of reference for the feasibility study call for a preliminary evaluation into building such a pipeline system, including technical, environmental, commercial and operational analysis. The study, which is scheduled to take six months, will be based on two route options: the first terminating in either Fahud or Sohar in the Gulf of Oman; or a second option that would bring the oil to a Red Sea terminal for export. Doha-based Gulf Organisation for Industrial Consulting (GIOC) is the client for the study.
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