ADNOC Restores Ruwais Refinery to Full Capacity After Iranian Drone Strike
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Abu Dhabi National Oil Co. has restored its Ruwais refinery to full operating capacity following an Iranian drone strike earlier this year. The restart returns more than 922,000 barrels per day of refining capacity to global fuel markets. The recovery comes as Middle Eastern refinery outages and Ukrainian attacks on Russian refining have squeezed global fuel supplies.
Key Facts
- The Ruwais refinery can process more than 922,000 barrels of crude and condensate per day, making it the world's fourth-largest single-site refinery.
- The refinery was halted in March after an Iranian drone attack caused a fire in the area.
- Product exports from Ruwais have recovered to roughly 70% of pre-war levels, compared with approximately 600,000 barrels per day shipped before the conflict.
- Ruwais traditionally exports significant volumes of diesel to Europe.
- Kuwait's Mina Al Zour refinery has also been increasing output.
Refinery Restart
ADNOC has restored the Ruwais refinery to full operating capacity following the Iranian drone strike. The complex can process more than 922,000 barrels of crude and condensate per day. It produces diesel, jet fuel, gasoline, naphtha, LPG and other petroleum products. Bloomberg reported that the refinery returned to full capacity around a month ago.
Export Recovery
ADNOC has ramped up exports of diesel and jet fuel since the restart. Product exports have recovered to roughly 70% of pre-war levels. Before the conflict, Ruwais shipped approximately 600,000 barrels per day of diesel, jet fuel, naphtha and other products. Ruwais is particularly important for Europe because it traditionally exports significant volumes of diesel to the region.
Global Fuel Market Impact
Middle Eastern refinery outages caused by the war have combined with Ukrainian attacks on Russian refining infrastructure to squeeze supplies. The restart adds another major source of supply just as Middle Eastern refining activity begins recovering more broadly. Kuwait's Mina Al Zour refinery has also been increasing output. Ruwais is capable of producing more than 40 million tonnes of refined products annually. Its return could help ease pressure that has pushed diesel margins to their highest levels in more than 15 years.
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ADNOC Restores Ruwais Refinery to Full Capacity After Iranian Drone Strike
