UAE’s ADNOC Offers To Shuttle Iraqi Oil Through Strait Of Hormuz To Asian Refiners
4 Articles
4 Articles
The shuttle of oil tankers, invisible to radar, and discounts up to 30 dollars per barrel are the Iraqi devices to continue to export. Thanks to the fleet of Abu Dhabi engaged in the profitable trade-ship. Tehran however is not there, and attacks the oil tankers
As US-Iran Hormuz Stalemate Lingers, Shipping Companies Face Worsening Dilemma
Crude oil tankers are trickling through the Strait of Hormuz despite Iranian threats and the U.S. Navy’s blockade, using a “shuttle” system orchestrated by Abu Dhabi and Kuwait that Tehran and Washington appear to be tolerating—at least for the moment. “We’re not in raining oil, but oil is still coming out of the Gulf,” Lloyds List Senior Maritime Intelligence Analyst Tomer Raanan said during an Aug. 13 Lloyd’s List Intelligence weekly update on…
Iraq Selling Oil to Abu Dhabi to Shuttle Through the Strait of Hormuz Cloaked - Energy News Beat
Iraq’s state oil marketer SOMO has confirmed that Abu Dhabi National Oil Company (ADNOC) is among the buyers of its crude, with cargoes exiting via the Strait of Hormuz amid ongoing regional conflict and severe disruptions to normal shipping. Ali Nizar, director-general of SOMO, stated in a text message that “Adnoc is one of the buyers SOMO deals with,” along with other companies. He added that SOMO has been selling to whoever can load oil onto …
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