+
ADNOC Slashes Upper Zakum Oil Exports
OIL & GAS

ADNOC Slashes Upper Zakum Oil Exports

ADNOC has significantly decreased its exports of Upper Zakum crude oil following a diversion of supply to a refinery. This decision comes as a strategic move to prioritise refinery operations and meet domestic demand, affecting the volume of oil available for export.

The reduction in Upper Zakum oil exports by ADNOC underscores the company's flexibility in managing its oil production and distribution. By diverting supply to the refinery, ADNOC aims to optimise its resources and ensure the efficient operation of its downstream facilities.

The diversion of Upper Zakum oil supply to the refinery reflects ADNOC's commitment to supporting domestic refining capacity and enhancing self-sufficiency in oil processing. This strategic reallocation of resources aligns with ADNOC's long-term objectives of strengthening its refining capabilities and reducing reliance on imported petroleum products.

While the reduction in oil exports may impact international markets, ADNOC's decision is driven by the need to balance domestic demand and export commitments. The company's focus on maximising value from its oil assets while meeting domestic requirements highlights its strategic approach to resource management.

As ADNOC adjusts its oil export volumes in response to refinery supply diversion, stakeholders in the global oil market closely monitor developments. The company's ability to adapt its export strategy underscores its resilience and agility in navigating dynamic market conditions and ensuring the stability of its operations.

ADNOC has significantly decreased its exports of Upper Zakum crude oil following a diversion of supply to a refinery. This decision comes as a strategic move to prioritise refinery operations and meet domestic demand, affecting the volume of oil available for export. The reduction in Upper Zakum oil exports by ADNOC underscores the company's flexibility in managing its oil production and distribution. By diverting supply to the refinery, ADNOC aims to optimise its resources and ensure the efficient operation of its downstream facilities. The diversion of Upper Zakum oil supply to the refinery reflects ADNOC's commitment to supporting domestic refining capacity and enhancing self-sufficiency in oil processing. This strategic reallocation of resources aligns with ADNOC's long-term objectives of strengthening its refining capabilities and reducing reliance on imported petroleum products. While the reduction in oil exports may impact international markets, ADNOC's decision is driven by the need to balance domestic demand and export commitments. The company's focus on maximising value from its oil assets while meeting domestic requirements highlights its strategic approach to resource management. As ADNOC adjusts its oil export volumes in response to refinery supply diversion, stakeholders in the global oil market closely monitor developments. The company's ability to adapt its export strategy underscores its resilience and agility in navigating dynamic market conditions and ensuring the stability of its operations.

Next Story
Infrastructure Energy

Bihar Launches Rs 53.4 Billion Green Energy Plan

The Bihar government has taken a major stride towards clean energy with the launch of two new policies and the signing of agreements totalling Rs 53.4 billion. These initiatives aim to generate 2,357 megawatts (MW) of renewable energy through solar, wind, battery storage, and other sustainable technologies.The Bihar Renewable Energy Policy 2025 and the Pump Storage Policy 2025 were officially introduced at an event in Patna. Designed to attract significant investment, the policies seek to position Bihar as a key centre for clean energy projects. Energy Minister Bijendra Prasad Yadav stated tha..

Next Story
Infrastructure Transport

Bids Invited for Rs 62.5 Billion Vizag Metro Project

The long-anticipated Visakhapatnam Metro Project has made significant progress, with the Andhra Pradesh Metro Rail Corporation inviting bids for the first civil contract under Phase 1 of the Vizag Metro. The estimated cost of this contract is Rs 62.5 billion.This engineering, procurement and construction (EPC) contract covers the design and construction of a 46.23 km viaduct spanning three corridors, including a 20.16 km double-decker four-lane flyover cum metro viaduct. The project also comprises 42 elevated metro stations across Visakhapatnam.Recently, SYSTRA Consultancy signed a Memorandum ..

Next Story
Real Estate

Oberoi Realty to Buy Hotel Horizon for Rs 9.19 Billion

A consortium led by Mumbai-listed Oberoi Realty Ltd is set to acquire debt-laden Hotel Horizon Pvt Ltd in Juhu, Mumbai for Rs 9.19 billion (approximately USD 107 million) under a resolution plan approved through India’s Insolvency and Bankruptcy Code (IBC).In a filing to the stock exchange, Oberoi Realty confirmed that the Committee of Creditors of Hotel Horizon had approved the resolution plan, following which a letter of intent was issued. The consortium also includes Shree Naman Developers and JM Financial Properties.As per the resolution plan, the consortium will make a payment of Rs 9.1..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?