Ruwais refinery returns to full capacity after Iran strike
Abu Dhabi National Oil Co. has restored production at the 922,000-barrel-a-day facility and recovered about 70% of prewar fuel exports.
Abu Dhabi National Oil Co. has restored one of the world’s largest oil refineries to full capacity after the Ruwais facility was hit during the regional war, people familiar with the situation said.
The refinery can process 922,000 barrels of crude a day. Adnoc has been increasing exports of products including diesel and jet fuel, and fuel exports have recovered to about 70% of prewar levels, one person said.
The facility was shipping about 600,000 barrels a day of refined products, including diesel, jet fuel, and naphtha, during the first two months of the year, according to Vortexa. Ruwais typically sends a significant share of its output to Europe.
The refinery was halted in March after an Iranian drone strike caused a fire in the area. It had already been operating at reduced rates because restricted shipping through the Strait of Hormuz disrupted supplies.
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Adnoc declined to comment. The refinery’s restart comes as refined-product prices rise and Middle Eastern facilities increase supply, offering some relief to markets affected by the regional conflict and attacks on Russian refineries.