Read more
18:24 · 15 May 2026

UAE is expanding its oil capabilities with a new strategic project towards Fujairah.

The UAE continues to strengthen its position as a reliable global energy export hub through a new strategic project by ADNOC, aiming to double oil export capacity via the Port of Fujairah by 2027. This project is part of the country's efforts to secure alternative routes for oil exports, bypassing the Strait of Hormuz, which is experiencing escalating geopolitical tensions in the region.

 

The new project, named “West-East 1,” is currently being developed by ADNOC as part of a broader plan to enhance the resilience of the UAE's energy infrastructure and meet growing global demand for oil supplies. His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan directed the acceleration of the project's implementation during a meeting of the ADNOC Board of Directors' Executive Committee, emphasizing the importance of its swift completion given the evolving global energy market landscape.

 

The project relies on expanding the oil pipeline network to the Emirate of Fujairah, located on the Gulf of Oman, which provides a strategic outlet for exporting Emirati crude directly to global markets without transiting the Strait of Hormuz. The UAE already owns the Habshan-Fujairah pipeline, which transports oil from Abu Dhabi’s onshore fields to the port of Fujairah at a capacity of between 1.5 and 1.8 million barrels per day, while Abu Dhabi’s oil exports reach approximately 3.5 million barrels per day.

 

Fujairah is gaining increasing importance as a vital oil storage and export hub. Its port boasts facilities capable of handling more than 70 million barrels of oil and fuel, in addition to its role as a major bunkering station. The port is also a key export point for the UAE’s Murban crude, one of the region’s most prominent crude oils.

 

During the same meeting, the Crown Prince of Abu Dhabi commended ADNOC’s ability to maintain operational continuity and ensure the security of supplies for customers both within the UAE and internationally, despite regional and global challenges. He also welcomed the expansion plans for the Ta’ziz Chemicals project, which aims to produce 4.7 million tons per year of industrial chemicals by 2028, making it one of the largest integrated chemical complexes in the Gulf region.

 

This strategic direction reflects the UAE’s keenness to diversify its energy export outlets and strengthen its position as a major player in global oil and energy markets in the coming years.

15 May 2026, 10:24

Economic Calendar: Global Data Focus Shifts to US and Canada,

14 May 2026, 15:18

Market Wrap: What does Trump's Beijing visit mean for the markets?

14 May 2026, 10:31

Economic Calendar: All eyes on US consumer 🇺🇸 (14.05.2026)

14 May 2026, 10:11

BREAKING: Pound rebounds 📈 UK GDP rises unexpectedly in March 🇬🇧

The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.

The financial instruments we offer, especially CFDs, can be highly risky. Please consider if you understand the risks and can afford the loss of capital. XTB is regulated by the CMA

The financial instruments we offer, especially CFDs, can be highly risky. Please consider if you understand the risks and can afford the loss of capital. XTB is regulated by the CMA

The financial instruments we offer are risky. XTB is regulated by the CMA.