Inauguration Of The Fujairah Oil Pipeline [Getty Images]

Mohamed Bin Dhaen Al-Hamli, the U.A.E's oil minister, speaks to the media during the inauguration of the Abu Dhabi Crude Oil Pipeline, known as Adcop, at the port in Fujairah, United Arab Emirates, on Sunday, July 15, 2012. Abu Dhabi is exporting its first cargo of oil today from a pipeline that bypasses the Strait of Hormuz, shipping the crude to a refinery in Pakistan, the head of the emirate's International Petroleum Investment Co. Said. Photographer: Duncan Chard/Bloomberg via Getty Images

Bloomberg Bloomberg