As Adnoc works to strengthen its Hormuz-bypass capabilities, the Abu Dhabi state firm is considering linking its Ruwais refining complex with the Indian Ocean port of Fujairah. It currently has a 1.8mn b/d crude oil pipeline connecting onshore fields with Fujairah, and is expanding this system to 3.3mn b/d next year to enable access for offshore crudes and bolster export resilience to future disruption (MEES, 22 May). But while Saudi Arabia can export high-value products from its Red Sea refineries, the closure of the Strait of Hormuz has left Adnoc’s refineries stranded from export markets.
Speaking at the S&P Global Energy MPGC conference in London on 2 June, Adnoc’s Executive Vice President for Sales and Trading Philippe Khoury said the company is assessing the potential for a products pipeline to Fujairah. (CONTINUED - 739 WORDS)