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TOKYO/SINGAPORE (Nov 13): Abu Dhabi National Oil Company (Adnoc) is expected to complete a second crude oil pipeline by around January, doubling the capacity of its existing onshore pipeline to about 3.6 million barrels per day (bpd), an executive with Japan's Inpex 1605.T said. An Adnoc spokesperson disputed the comments.
The existing pipeline has a capacity of about 1.8 million bpd and transports crude from inland oil fields, Inpex senior executive vice president Toshiaki Takimoto told a media briefing on Thursday.
A third pipeline is also planned, with completion expected around 2029, he said.
Inpex may consider supporting an expansion of the United Arab Emirates' crude oil pipeline if requested, depending on whether it can ensure smooth shipments of crude in which it has an interest, Takimoto said.
An Adnoc spokesperson said the story was "false and inaccurate" but did not give further details.
Japan's Inpex is a long-standing upstream partner of Adnoc and holds stakes in several of its concessions.
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