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Friday, January 19, 2024

UAE: MBZ plans for oil flows following Red Sea tensionsnote

As clashes continue between the UK, the U.S. and Iran-backed Houthis in the Red Sea, several IOCs are rerouting their oil and gas tankers to avoid major security threats.

UAE President Sheikh Mohammad Bin Zayed (MBZ) has consulted with CEO of ADNOC Sultan Al-Jaber on the security situation in the Red Sea, in order to take necessary steps regarding Emirati oil and gas flows.

The following note provides a comprehensive overview of the following aspects:

- MBZ views on Emirati LNG through the Red Sea

- His primary concerns

- His request to U.S. President Joe Biden over the Red Sea tensions

- ADNOC preparations for two likely scenarios


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