The company reported that the Abu Dhabi National Oil Company (ADNOC) is in the process of carrying on its onshore operations and keeping the offshore production levels under control in spite of the continuous escalation in the region.
The energy giant indicated that its cautious approach to the level of offshore production will see it sustain its normal operations without major delays.
It added that Adnoc has also put its well-established protocols into action and collaborates with the corresponding authorities to safeguard its people, assets, and operations.
Adnoc stated that its business units were evaluating the situation on a “product-by-product” and a “transaction-by-transaction” basis due to disruption in the Strait of Hormuz, citing that it continues to export capacity that surpasses the Strait and its global storage facilities to ensure the supply flows to global markets.
Ever since February 28, Iran has carried out what it terms “retaliatory attacks” on US bases and assets in the Gulf, following a US-Israel joint strike that hit the West Asian capital, killing its supreme leader, Ali Hosseini Khamenei.
Iran has since launched attacks on all six GCC states, destroying military installations and civilian infrastructure.
It has also brought about a great upheaval on shipping lines that pass through the Strait of Hormuz, a 33km waterway between Iran and Oman that is the most important oil chokepoint in the world.
The Wall Street Journal stated on Friday that the military of Iran reported that it did not close the Strait, but will attack any ship that belongs to the US or Israel.
It said, “Adnoc’s sales and trading teams are proactively engaging with affected customers where shipment schedules may be impacted, and will continue to communicate the latest available information directly with them.”
