In a recent directive, Abu Dhabi National Oil Company (ADNOC) has urged its customers to proceed with loading crude oil shipments from its facilities positioned on Das and Zirku islands in the Persian Gulf. This decision comes in the wake of improved circumstances, notably following a recent agreement between the United States and Iran, which has raised hopes for uninterrupted maritime passage through the Strait of Hormuz.
ADNOC confirmed that crude oil cargoes have been ready for loading since April 27. The company emphasized the importance of adhering to shipment schedules, warning that any delays in collecting the scheduled cargoes could be considered a breach of contractual commitments. For those buyers facing logistical hurdles, ADNOC has extended an offer of assistance, including the possibility of utilizing its own or affiliated tanker fleets.
This initiative by ADNOC is part of a broader effort by Gulf oil producers to return to normal export operations after recent disruptions in the region. ADNOC has maintained its active presence in the oil export market, having already sold several million barrels through tender processes. The company remains a significant player in the region’s oil export landscape.
In a strategic move to mitigate future risks associated with the Strait of Hormuz, the United Arab Emirates is advancing its development of alternative export pathways. The UAE is expediting infrastructure projects aimed at boosting pipeline capacity to Fujairah, a port located on the Gulf of Oman. This development will enable increased crude oil exports to circumvent the critical maritime chokepoint, thereby enhancing the country’s export resilience.