The pipeline is intended to help mitigate the risk of a suspension of Abu Dhabi's crude oil exports in the event of a closure of, or a disruption to, the Strait of Hormuz and is expected to provide increased capacity in the export of Abu Dhabi's crude oil. The pipeline became operational in June 2012 with a capacity of 1.5 million barrels per day. IPIC intends to gradually raise the pipeline's capacity to 1.8 million barrels per day; the continuing expansion of the Borouge project (a joint venture in which IPIC's subsidiary Borealis has a 40.0 per cent. stake) to bring advanced technology and expertise into Abu Dhabi to strengthen and develop Abu Dhabi's industrial base and hydrocarbon and petrochemicals industries; the multibillion-dollar Fujairah Refinery project in the Emirate of Fujairah, which will process UAE crude oil, such as Murban and Upper Zakum; the Emirates Liquefied Natural Gas project ("ELNG"), a 50/50 joint venture with Mubadala Oil and Gas, a business unit of Mubadala, involving the development of a new LNG regasification facility on the UAE’s east coast in Fujairah; and the Duqm refinery and petrochemicals project (the "Duqm Refinery"), a 50/50 joint venture with Oman Oil Company S.A.O.C., involving the development of a new oil refinery situated on Oman’s east coast in Duqm.