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UAE exports oil despite Strait of Hormuz blockade, tankers disable location tracking systems
๐Ÿ‡ท๐Ÿ‡ธ Serbia /Economy & Trade

UAE exports oil despite Strait of Hormuz blockade, tankers disable location tracking systems

From N1 Serbia · (5h ago) Serbian Critical tone

Translated from Serbian, summarized and contextualized by DistantNews.

TLDR

  • UAE oil tankers are disabling location tracking systems to evade Iranian attacks amid the Strait of Hormuz blockade.
  • Despite risks, companies like ADNOK are continuing exports, using ship-to-ship transfers to deliver oil to destinations like Malaysia and South Korea.
  • The conflict has reduced UAE's daily exports by over a million barrels, contributing to a global oil price surge above $100 per barrel.

In a bold move defying regional tensions, the United Arab Emirates is demonstrating resilience and adaptability in its oil exports, even as the Strait of Hormuz remains a flashpoint. Reuters' exclusive report reveals that both UAE's ADNOK and its oil tanker customers are resorting to disabling tracking systems, a stark indicator of the perceived threat from Iran. This tactic, while risky, underscores a determined effort to keep vital oil supplies flowing amidst the ongoing conflict.

United Arab Emirates and oil tanker customers are turning off location tracking systems to avoid Iranian attacks, while trying to export oil from the Persian Gulf blocked by the Middle East conflict, Reuters reveals in an exclusive report today.

โ€” ReutersIntroducing the core issue of UAE's efforts to export oil amidst the conflict.

The successful export of millions of barrels of crude oil in April, utilizing ship-to-ship transfers off Fujairah and Oman, showcases the lengths to which the UAE and its partners will go. Deliveries to Malaysia, Oman, and South Korea, though a fraction of normal volumes, signal a commitment to maintaining market presence. This strategy is not just about moving oil; it's about asserting economic continuity in the face of geopolitical challenges that have effectively choked off a critical global chokepoint.

In April, ADNOK managed to export at least four tankers with about four million barrels of Aper Zakum oil and two million barrels of Das crude oil from terminals within the Gulf.

โ€” ReutersDetailing the successful, albeit risky, oil exports.

The decision to circumvent the blockade, which has sent oil prices soaring above $100 a barrel, is a calculated gamble. ADNOK's reduction of exports by over a million barrels daily is a significant impact, but the company's intent to continue these high-risk shipments in May suggests a long-term strategy to weather the storm. From the UAE's vantage point, this isn't merely about adhering to international trade norms; it's about safeguarding national economic interests and demonstrating strategic autonomy in a volatile region. The world watches as the UAE navigates these treacherous waters, prioritizing its economic lifeline.

The cargo was unloaded via ship-to-ship transfers off Fujairah or Oman, and the oil was delivered to Malaysia, Oman, and South Korea.

โ€” ReutersExplaining the method used for oil transfer and delivery.
DistantNews Editorial

Originally published by N1 Serbia in Serbian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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