UAE’s plans to reduce its exposure to the Strait of Hormuz and the strategic role of Fujairah

In an interview given to Gaurav Sharma from Forbes, Dr Carole Nakhle, CEO of Crystol Energy, comments on the UAE’s plans to reduce its exposure to the Strait of Hormuz, the strategic role of Fujairah and Abu Dhabi National Oil Company’s (ADNOC) decision in that respect.

Dr Carole Nakhle (in the centre) speaking at the 9th Gulf Intelligence Energy Markets Forum 2019 in Fujairah on 1st October 2019.

According to Dr Nakhle, regional tension can serve as a catalyst but it is perhaps not ADNOC’s only driver. With a multi-billion dollar investment program, the company is being operationally prudent given an emboldened and increasingly belligerent Iran. Fujairah is not its only play but a strategic one that serves a vital function. That implies further petrodollars heading Fujairah’s way.

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