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Abu Dhabi Calls Buyers to Restart Oil Loading Post US-Iran Agreement

by admin477351

The Abu Dhabi National Oil Company (ADNOC) has announced the resumption of crude oil loadings from its Das and Zirku island ports in the Persian Gulf. This decision follows an improvement in conditions due to the recent US-Iran agreement, which has led to expectations of uninterrupted maritime traffic through the strategically significant Strait of Hormuz.

ADNOC confirmed that crude oil cargoes have been available for collection since April 27. The company emphasized the importance of adhering to shipment schedules, warning that delays could be seen as a breach of contractual obligations. To support buyers encountering shipping difficulties, ADNOC has offered the use of its own or affiliated tanker fleet.

This development is part of a broader effort by Gulf oil producers to return to normal export operations following regional disruptions. ADNOC has been proactive in the market, having already sold tens of millions of barrels through tenders, maintaining its status as one of the most active exporters in the area.

In line with these efforts, the United Arab Emirates is working to diversify its export routes to reduce dependency on the Strait of Hormuz. The country is pushing forward with infrastructure projects, including the expansion of pipeline capacity to the port of Fujairah on the Gulf of Oman. This initiative aims to facilitate more crude exports via routes that bypass the critical waterway.

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