The UAE’s Adnoc continues to aggressively expand its crude shuttle operations through the Strait of Hormuz, with market participants reporting severe congestion offshore Oman this week. Multiple sources say Adnoc has persuaded the Port of Sohar to allocate it a dedicated ship-to-ship (STS) lightering zone to avoid excessive traffic as other exporters adopt the same model.
The surge in STS operations is straining the availability of anchorage space, fendering services, shipping agents, and other support services in Oman, raising the risk of capacity bottlenecks. (CONTINUED - 189 WORDS)
