ADNOC Requests Oil Extraction Amid Strait of Hormuz Tensions

Abu Dhabi National Oil Company (ADNOC) has instructed its onshore oil partners to extract Murban crude from the Jebel Dhanna port, located inside the Persian Gulf and behind the Strait of Hormuz. According to Jin10, sources familiar with the matter revealed that at least two of the six stakeholders in the state-owned onshore production projects have been informed that their supply due this month should be extracted from this port. This directive implies that tankers must navigate the Strait of Hormuz, a critical waterway currently closed due to the risk of Iranian attacks. Affected partner companies are reportedly contesting this verbally communicated instruction, and no final decision has been made yet. Some of the oil potentially required to be transported to Jebel Dhanna was initially planned to be loaded at the Fujairah port, located outside the Strait of Hormuz.