BREAKING NEWS

Kuwait weighs options in case Iran closes Strait of Hormuz

By JPOST.COM STAFF

APRIL 9, 2012 17:07

Kuwait is preparing contingency plans for the possibility that Iran will close the Strait of Hormuz, AFP quoted a top official as saying Monday.

Iran has frequently threatened to close the vital transportation hub if attacked. Such a move would threaten the small the Kuwaiti economy by disrupting its primary oil export route.

"We are discussing many scenarios but we have not decided which" plan to adopt, the CEO of national oil conglomerate Kuwait Petroleum Corp (KPC), Faruq al-Zanki said.

"KPC has been asked to look into what we think (we can do about the possible closure of Hormuz) and this is something we are looking into," Zanki said.

The UAE is in the process of constructing pipelines that would allow its oil and gas exports to bypass the Strait of Hormuz, AFP reported.

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