The state-owned company is already using the pipeline to transport 1.5 million barrels of oil a day from its desert fields to the east coast, which has become critical during the military conflict, Bloomberg reported.
The pipeline, which has been in operation for more than a decade, has become increasingly important as Iran continues to block most ships from passing through the Strait of Hormuz, an important channel through which about a fifth of the world’s oil and gas supplies passed before the conflict. However, the pipeline’s capacity is limited and allows it to carry only half of Adnoc’s usual exports.
The UAE and Saudi Arabia, as the largest oil producers in the Gulf, remain the only countries able to supply significant amounts of crude to the world market during the war. In recent weeks, state-owned oil companies in both countries have been successful in making deliveries, circumventing the Iranian blockade.
