ADNOC’s Hormuz Workaround: How UAE Oil Buyers Are Avoiding the Chokepoint
ADNOC’s Hormuz workaround matters because it shows how badly oil buyers want alternatives to one of the world’s most dangerous shipping chokepoints. Reuters reported that Abu Dhabi National Oil Company has told some clients they can choose to load Das and Upper Zakum crude outside the Arabian Gulf, instead of relying only on routes that … Read more