UAE to Invest in Energy Export Routes and Overseas Storage, Minister Says

The United Arab Emirates will protect its energy infrastructure and invest in alternative export routes, overseas storage capacity, and shipping fleets to enhance supply resilience, Minister of Energy and Infrastructure Suhail al-Mazrouei said on Monday. Speaking on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in Abu Dhabi, Mazrouei stated that while the course of the US-Israeli conflict with Iran cannot be predicted, the UAE is preparing to be more resilient.

Mazrouei stated that the crisis will prompt companies to redesign facilities across supply chains, noting that resilience extends from production barrels to end destinations and requires maintaining closer proximity to customers.

The UAE currently exports crude through the port of Fujairah, situated outside the Strait of Hormuz. Mazrouei highlighted that the country is constructing a new pipeline to Fujairah that is scheduled to double crude handling capacity by next year.

Addressing the conference, the minister added that the UAE's energy exports have at certain points reached levels higher than those recorded before the outbreak of the war. Reuters previously reported in June that the UAE raised crude oil and condensate shipments to record highs after leaving the Organization of the Petroleum Exporting Countries.