The Abu Dhabi National Oil Company (ADNOC) has directed its customers to restart loading crude oil shipments from its key ports located on Das and Zirku islands in the Persian Gulf. This directive follows favorable developments after a recent agreement between the United States and Iran, alongside expectations for smooth maritime navigation through the critical Strait of Hormuz.
ADNOC confirmed that crude oil has been available for loading since April 27 and cautioned that any delays in collecting scheduled shipments could be considered a breach of contractual obligations. To support buyers facing difficulties in shipping, the company has offered the use of its own or affiliated tanker fleets.
This decision is part of a broader effort by Gulf oil producers to return to regular export activities following disruptions in the region. ADNOC, known for being one of the most active exporters in the region, has already transacted tens of millions of barrels through tenders.
Concurrently, the United Arab Emirates is working towards reducing its dependency on the Strait of Hormuz by expanding alternative export routes. This includes accelerating infrastructure projects such as increasing the capacity of pipelines leading to the port of Fujairah on the Gulf of Oman. Such developments aim to facilitate increased crude exports that can bypass the strategically significant waterway.