Abu Dhabi National Oil Company (ADNOC) announced on Saturday that it is carefully regulating offshore production levels to meet storage requirements amid the ongoing U.S.–Israeli conflict with Iran, while onshore operations continue without disruption.
In a statement, ADNOC noted that the strategy is designed to maintain operational flexibility and allow the company to quickly return to normal production levels without extended delays.
Now entering its eighth day, the conflict has disrupted shipments through the Strait of Hormuz, a vital maritime route that handles nearly 20% of global oil and LNG supplies. Analysts suggest that the UAE and Saudi Arabia may soon be forced to curb output if storage facilities approach capacity.
ADNOC confirmed that operations remain ongoing and that it is utilising export routes that bypass the Strait of Hormuz, alongside international storage facilities, to maintain steady supplies to global markets.
Saudi Arabia’s state-owned oil company Aramco is temporarily redirecting some crude shipments to the Red Sea port of Yanbu to ensure deliveries to customers who cannot access the Gulf, according to Saudi state media on Saturday. Reuters reported on Friday that while shipments from the Red Sea are increasing, the volumes remain insufficient to fully compensate for the decline in flows through the disrupted strait.
The company stated that its business units are reviewing the situation on a product-by-product and transaction-by-transaction basis, taking into account the continuing disruption affecting shipping through the Strait of Hormuz.
ADNOC added that it has implemented established contingency protocols and is coordinating closely with authorities to safeguard its workforce, assets and operations.
