UAE’s ADNOC Enables Iraqi Oil Exports Through the Strait of Hormuz
Abu Dhabi National Oil Co. (ADNOC) is reportedly facilitating Iraqi oil transport through the Strait of Hormuz using covert tactics to deliver Basrah crude to Asian refineries. By employing “shuttling” techniques, ADNOC enhances exports amidst regional tensions, significantly boosting Iraq’s daily crude output to nearly 2 million barrels.