business

UAE to Transport Iraqi Oil Exports via the Strait of Hormuz

12 Ağustos 2026Bloomberg

Abu Dhabi National Oil Co. is set to facilitate the transportation of Iraqi oil exports through the strategically significant Strait of Hormuz.
This move involves utilizing a 'dark-transit' strategy to deliver Basrah and other crude oil to refiners in Asia. This initiative highlights the UAE's growing role in the regional oil market and its ability to navigate complex logistics.
The Strait of Hormuz is a vital maritime corridor for oil shipments, with a significant portion of the world's oil passing through it. The UAE's initiative comes at a time when geopolitical tensions and supply chain disruptions are prompting countries to seek alternative routes and strategies for oil transportation.
The decision by the Abu Dhabi National Oil Co. to engage in shuttling Iraqi oil reflects a strategic maneuver in a competitive energy landscape.

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This article is based on information from sources familiar with the matter and does not constitute official statements from the involved parties.

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